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Direct linkHogarth, Robin M.; Mukherjee, Kanchan; Soyer, Emre – Journal of Experimental Psychology: Learning, Memory, and Cognition, 2013
Additive integration of information is ubiquitous in judgment and has been shown to be effective even when multiplicative rules of probability theory are prescribed. We explore the generality of these findings in the context of estimating probabilities of success in contests. We first define a normative model of these probabilities that takes…
Descriptors: Competition, Information Seeking, Decision Making Skills, Heuristics
