Under the normative Expected Value (EV) model, multiple outcomes are additive, but in everyday worth judgement intuitive averaging prevails. Young children also use averaging in EV judgements, leading to a disordinal, crossover violation of utility when children average the part worths of simple gambles involving independent events (Schlottmann,…

The involvement of working memory (WM) was examined in two types of mental calculation tasks: exact and approximate. Specifically, children attending Grades 3 and 4 of primary school were involved in three experiments that examined the role of verbal and visuospatial WM in solving addition problems presented in vertical or horizontal format. For…