Free binary options charts software download
Tversky, 1969 ). If the chance of winning is similar in both gambles (within 5 percentage points), prefer the gamble with the higher gain. In particular, this decision maker violates transitivity, because, considering again the three gambles, A, C, D, we see that he prefers A to C, C to D, but D to A. From that vantage point, we may want to place stronger constraints on the binary choice probabilities, so that we do not end up overfitting data by accommodating models that really are poor approximations of the cognitive process of interest.