@inproceedings{maierIntroducingExtinctionGambling2024,

title = {Introducing the Extinction Gambling Task},

author = {Maximilian Maier and Adam Harris and David Kellen and Henrik Singmann},

editor = {Larissa K Samuelson and Stefan Frank and Mariya Toneva and Allyson P. Mackey and Eliot Hazeltine},

url = {http://singmann.org/download/publications/Maier%20et%20al.%20-%202024%20-%20Introducing%20the%20Extinction%20Gambling%20Task.pdf, final PDF

https://osf.io/g3s7u, OSF link

},

doi = {10.31234/osf.io/g3s7u},

year  = {2024},

date = {2024-07-24},

urldate = {2025-01-30},

booktitle = {Proceedings of the 46th Annual Conference of the Cognitive Science Society},

publisher = {OSF},

abstract = {Decisions about extinction risks are ubiquitous in everyday life and for our continued existence as a species. We introduce a new risky-choice task that can be used to study this topic: The Extinction Gambling Task. Here, we investigate two versions of this task: a Keep variant, where participants cannot accumulate any more earnings after the extinction event, and a Lose variant, where extinction also wipes out all previous earnings. We derive optimal solutions for both variants and compare them to behavioural data. Our findings suggest that people understand the difference between the two variants and their behaviour is qualitatively in line with the optimal solution. Further, we find evidence for risk-aversion in the Keep condition but not in the Lose condition. We hope that this task can facilitate further research on this vital topic.},

keywords = {Decision Making, optimality, risky-choice},

pubstate = {published},

tppubtype = {inproceedings}

}

@inproceedings{singmannFullinformationOptimalstoppingProblems2024,

title = {Full-Information Optimal-Stopping Problems: Providing People with the Optimal Policy Does Not Improve Performance},

author = {Henrik Singmann and Yunxi Xiong and Yue Song and Mia Breen and Christiane Baumann},

editor = {Larissa K Samuelson and Stefan Frank and Mariya Toneva and Allyson P. Mackey and Eliot Hazeltine},

url = {http://singmann.org/download/publications/Singmann%20et%20al.%20-%202024%20-%20Full-information%20optimal-stopping%20problems%20Provid.pdf, final PDF},

year  = {2024},

date = {2024-07-24},

urldate = {2025-01-31},

booktitle = {Proceedings of the 46th Annual Conference of the Cognitive Science Society},

keywords = {Decision Making, optimal stopping, optimality},

pubstate = {published},

tppubtype = {inproceedings}

}

@inproceedings{baumann_explaining_2018,

title = {Explaining Human Decision Making in Optimal Stopping Tasks},

author = {Christiane Baumann and Henrik Singmann and Vassilios E Kaxiras and Samuel Gershman and Bettina von Helversen},

editor = {Tim Rogers and Marina Rau and Jerry Zhu and Chuck Kalish},

url = {http://singmann.org/download/publications/Baumann-et-al.-2018-Explaining-Human-Decision-Making-in-Optimal-Stoppi.pdf, published version},

year  = {2018},

date = {2018-07-26},

booktitle = {Proceedings of the 40th Annual Conference of the Cognitive Science Society},

pages = {1343--1348},

publisher = {Austin TX: Cognitive Science Society},

keywords = {Decision Making, mathematical modeling, optimal stopping},

pubstate = {published},

tppubtype = {inproceedings}

}