Golfers More Likely To Make Par Putt than Birdie Putt of Same Length
nytimes.com
nytimes.com
Birdie putts are less common, even for great golfers, and so when it comes up everyone tends to put a little bit more pressure on themselves, consciously or unconsciously, to capitalize on the birdie putt.
Even when you have a short one (less than 5 feet) you friends will say "Oh, don't miss..." etc.
Edit: Apparently I should clarify. The golfers are putting more pressure on themselves to make par and avoid a bogey score. On the putt for birdie, they are not putting too much pressure on themselves; instead they are OK with settling for a par score so they take shots that aren't as risky. In other words, it's more important to them to avoid a bogey score than it is to capitalize on the birdie putt.
It's still an observed difference between what the human claims to value and what their actions say they actually value, and that's still a worthy topic of study.
Both. It's tempting to gloss over uncertainties sometimes.
The entire foundation of economics is variable preferences, after all. (Well, the sensible, measurable bits, anyhow.)
I agree, especially with your parenthetical.