Figure 2. .

Moderation of relationship between the risk aversion parameter (see Equation 5) and risk preference by temperature. High temperatures are red; low temperatures are blue. A low score on the risk aversion parameter amplifies the utility of small wins, leading to risk aversion, but this is only clearly manifest in behavior if the temperature is low. Likewise, a high score reduces the utility of small wins, leading to risk seeking, but again, only if the temperature is low.