On the descriptive value of the reliance on small-samples assumption
Experience is the best teacher. Yet, in the context of repeated decisions, experience was found to trigger deviations from maximization in the direction of underweighting of rare events. Evaluations of alternative explanations for this bias led to contradicting conclusions. Studies that focused on t...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Cambridge University Press
2022-09-01
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| Series: | Judgment and Decision Making |
| Subjects: | |
| Online Access: | https://www.cambridge.org/core/product/identifier/S1930297500009311/type/journal_article |