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  1. Make‐or‐Break: Chasing Risky Goals or Settling for Safe Rewards?Pantelis P. Analytis, Charley M. Wu & Alexandros Gelastopoulos - 2019 - Cognitive Science 43 (7):e12743.
    Humans regularly pursue activities characterized by dramatic success or failure outcomes where, critically, the chances of success depend on the time invested working toward it. How should people allocate time between suchmake‐or‐breakchallenges and safe alternatives, where rewards are more predictable (e.g., linear) functions of performance? We present a formal framework for studying time allocation between these two types of activities, and we explore optimal behavior in both one‐shot and dynamic versions of the problem. In the one‐shot version, we illustrate striking (...)
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