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Hogarth, Robin M.; Soyer, Emre – Journal of Experimental Psychology: General, 2011
Recently, researchers have investigated differences in decision making based on description and experience. We address the issue of when experience-based judgments of probability are more accurate than are those based on description. If description is well understood ("transparent") and experience is misleading ("wicked"), it…
Descriptors: Foreign Countries, Graduate Students, College Students, Adults