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Lee, Michael D. – Cognitive Science, 2006
We consider human performance on an optimal stopping problem where people are presented with a list of numbers independently chosen from a uniform distribution. People are told how many numbers are in the list, and how they were chosen. People are then shown the numbers one at a time, and are instructed to choose the maximum, subject to the…
Descriptors: Bayesian Statistics, Inferences, Numbers, Cognitive Processes