IDEAS home Printed from https://ideas.repec.org/a/eee/jobhdp/v72y1997i1p25-61.html
   My bibliography  Save this article

Do Subjects Understand Base Rates?

Author

Listed:
  • Kleiter, Gernot D.
  • Krebs, Marianne
  • Doherty, Michael E.
  • Garavan, Hugh
  • Chadwick, Randall
  • Brake, Gregory

Abstract

No abstract is available for this item.

Suggested Citation

  • Kleiter, Gernot D. & Krebs, Marianne & Doherty, Michael E. & Garavan, Hugh & Chadwick, Randall & Brake, Gregory, 1997. "Do Subjects Understand Base Rates?," Organizational Behavior and Human Decision Processes, Elsevier, vol. 72(1), pages 25-61, October.
    • Handle: RePEc:eee:jobhdp:v:72:y:1997:i:1:p:25-61
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0749-5978(97)92727-8
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hogarth, Robin M. (ed.), 1990. "Insights in Decision Making," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226348551, October.
    2. Ofir, Chezy, 1988. "Pseudodiagnosticity in judgment under uncertainty," Organizational Behavior and Human Decision Processes, Elsevier, vol. 42(3), pages 343-363, December.
    3. Sandra Pruzansky & Amos Tversky & J. Carroll, 1982. "Spatial versus tree representations of proximity data," Psychometrika, Springer;The Psychometric Society, vol. 47(1), pages 3-24, March.
    4. Chistos Papazoglou, "undated". "EXCHANGE RATE POLICY IN TRANSITION ECONOMIES: The initial Choice and the Subsequent Experience," Working Papers 9606, University of Crete, Department of Economics.
    5. W. R. Gilks & N. G. Best & K. K. C. Tan, 1995. "Adaptive Rejection Metropolis Sampling Within Gibbs Sampling," Journal of the Royal Statistical Society Series C, Royal Statistical Society, vol. 44(4), pages 455-472, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Abel , Martin & Cole, Shawn & Zia, Bilal, 2015. "Debiasing on a roll: changing gambling behavior through experiential learning," Policy Research Working Paper Series 7195, The World Bank.
    2. Fiedler, Klaus & Walther, Eva & Freytag, Peter & Plessner, Henning, 2002. "Judgment Biases in a Simulated Classroom--A Cognitive-Environmental Approach," Organizational Behavior and Human Decision Processes, Elsevier, vol. 88(1), pages 527-561, May.
    3. Andreas Glöckner & Stephan Dickert, 2008. "Base-rate Respect by Intuition: Approximating Rational Choices in Base-rate Tasks with Multiple Cues," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2008_49, Max Planck Institute for Research on Collective Goods.
    4. Benito Arruñada, 2005. "Human nature and institutional analysis," Economics Working Papers 822, Department of Economics and Business, Universitat Pompeu Fabra, revised Sep 2008.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Thunström, Linda & Nordström, Jonas & Shogren, Jason F., 2015. "Certainty and overconfidence in future preferences for food," Journal of Economic Psychology, Elsevier, vol. 51(C), pages 101-113.
    2. England, Peter, 2002. "Addendum to "Analytic and bootstrap estimates of prediction errors in claims reserving"," Insurance: Mathematics and Economics, Elsevier, vol. 31(3), pages 461-466, December.
    3. Miguel Godinho de Matos & Pedro Ferreira, 2020. "The Effect of Binge-Watching on the Subscription of Video on Demand: Results from Randomized Experiments," Information Systems Research, INFORMS, vol. 31(4), pages 1337-1360, December.
    4. Kawagoe, Toshiji & Narita, Yusuke, 2014. "Guilt aversion revisited: An experimental test of a new model," Journal of Economic Behavior & Organization, Elsevier, vol. 102(C), pages 1-9.
    5. Peeta, Srinivas, 2016. "A marginal utility day-to-day traffic evolution model based on one-step strategic thinkingAuthor-Name: He, Xiaozheng," Transportation Research Part B: Methodological, Elsevier, vol. 84(C), pages 237-255.
    6. Geert Soete, 1983. "A least squares algorithm for fitting additive trees to proximity data," Psychometrika, Springer;The Psychometric Society, vol. 48(4), pages 621-626, December.
    7. Swait, Joffre & Adamowicz, Wiktor, 2001. "Choice Environment, Market Complexity, and Consumer Behavior: A Theoretical and Empirical Approach for Incorporating Decision Complexity into Models of Consumer Choice," Organizational Behavior and Human Decision Processes, Elsevier, vol. 86(2), pages 141-167, November.
    8. Nathaniel Tomasetti & Catherine Forbes & Anastasios Panagiotelis, 2019. "Updating Variational Bayes: Fast Sequential Posterior Inference," Monash Econometrics and Business Statistics Working Papers 13/19, Monash University, Department of Econometrics and Business Statistics.
    9. Ganguly, Ananda R & Kagel, John H & Moser, Donald V, 2000. "Do Asset Market Prices Reflect Traders' Judgment Biases?," Journal of Risk and Uncertainty, Springer, vol. 20(3), pages 219-245, May.
    10. Gabriele Fiorentini & Enrique Sentana & Neil Shephard, 2004. "Likelihood-Based Estimation of Latent Generalized ARCH Structures," Econometrica, Econometric Society, vol. 72(5), pages 1481-1517, September.
    11. Jason Delaney & Sarah Jacobson & Thorsten Moenig, 2020. "Preference discovery," Experimental Economics, Springer;Economic Science Association, vol. 23(3), pages 694-715, September.
    12. Wayne DeSarbo & Duncan Fong & John Liechty & Jennifer Coupland, 2005. "Evolutionary preference/utility functions: A dynamic perspective," Psychometrika, Springer;The Psychometric Society, vol. 70(1), pages 179-202, March.
    13. Olivier Gascuel & Denise Levy, 1996. "A reduction algorithm for approximating a (nonmetric) dissimilarity by a tree distance," Journal of Classification, Springer;The Classification Society, vol. 13(1), pages 129-155, March.
    14. David Drewery & Colleen Nevison & T. Judene Pretti & Lauren Cormier & Sage Barclay & Antoine Pennaforte, 2016. "Examining the influence of selected factors on perceived co-op work term quality from a student perspective," Post-Print hal-02103137, HAL.
    15. Edmonds, Joyce K. & Hruschka, Daniel & Bernard, H. Russell & Sibley, Lynn, 2012. "Women’s social networks and birth attendant decisions: Application of the Network-Episode Model," Social Science & Medicine, Elsevier, vol. 74(3), pages 452-459.
    16. A. Peter McGraw & Eldar Shafir & Alexander Todorov, 2010. "Valuing Money and Things: Why a $20 Item Can Be Worth More and Less Than $20," Management Science, INFORMS, vol. 56(5), pages 816-830, May.
    17. Peep F.M. Stalmeier & Thom G.G. Bezembinder, 1999. "The Discrepancy between Risky and Riskless Utilities," Medical Decision Making, , vol. 19(4), pages 435-447, October.
    18. Zhang, Michael Yuanjie & Russell, Jeffrey R. & Tsay, Ruey S., 2008. "Determinants of bid and ask quotes and implications for the cost of trading," Journal of Empirical Finance, Elsevier, vol. 15(4), pages 656-678, September.
    19. Ariely, Dan & Zauberman, Gal, 2003. "Differential partitioning of extended experiences," Organizational Behavior and Human Decision Processes, Elsevier, vol. 91(2), pages 128-139, July.
    20. H. Abebe & F. Tan & G. Breukelen & M. Berger, 2014. "Robustness of Bayesian D-optimal design for the logistic mixed model against misspecification of autocorrelation," Computational Statistics, Springer, vol. 29(6), pages 1667-1690, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jobhdp:v:72:y:1997:i:1:p:25-61. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/obhdp .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.