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Hertwig, Ralph; Pachur, Thorsten; Kurzenhauser, Stephanie – Journal of Experimental Psychology: Learning, Memory, and Cognition, 2005
How do people judge which of 2 risks claims more lives per year? The authors specified 4 candidate mechanisms and tested them against people's judgments in 3 risk environments. Two mechanisms, availability by recall and regressed frequency, conformed best to people's choices. The same mechanisms also accounted well for the mapping accuracy of…
Descriptors: Inferences, Information Processing, Incentives, Cognitive Processes