A model of non-belief in the law of large numbers
People believe that, even in very large samples, proportions of binary signals might depart significantly from the population mean. We model this "non-belief in the Law of Large Numbers" by assuming that a person believes that proportions in any given sample might be determined by a rate...
| Main Authors: | , , |
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| Format: | Working paper |
| Published: |
University of Oxford
2013
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