We present a novel demonstration that violations of transitive choice can result from decision strategies that maximize fitness. Our results depend on how the available options, including options not currently chosen, influence a decision-maker's expectations about the future. In particular, they depend on how the presence of an option may act as an insurance against a run of bad luck in the future.
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|---|---|
| http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2390660 | PMC |
| http://dx.doi.org/10.1098/rsbl.2007.0111 | DOI Listing |
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