The aim of this study is to explore the judgments and reasoning in probabilistic tasks that require comparing two probabilities either with or without introducing an additional degree of uncertainty. The reasoning associated with the task having an additional condition of uncertainty has not been discussed in previous studies. The 66 undergraduate…

Much of our real-life decision making is bounded by uncertain information, limitations in cognitive resources, and a lack of time to allocate to the decision process. It is thought that humans overcome these limitations through "satisficing," fast but "good-enough" heuristic decision making that prioritizes some sources of…

Purpose: The purpose of this paper is to develop a quantitative model of problem solving performance of students in the computer-based mathematics learning environment. Design/methodology/approach: Regularized logistic regression was used to create a quantitative model of problem solving performance of students that predicts whether students can…

The objective of this article is to contribute to research on teachers' probabilistic knowledge and reasoning. To meet this objective, prospective mathematics teachers were presented coin flip sequences and were asked to determine and explain which of the sequences was least likely to occur. This research suggests that certain individuals, when…

The purpose of this article is to address the lack of research on teachers' knowledge of probability. As has been the case in prior research, we asked prospective mathematics teachers to determine which of the presented sequences of coin flips was least likely to occur. However, instead of using the traditional perspectives of heuristic and…

The debate about whether making a risky choice is based on a weighting and adding process has a long history and is still unresolved. To address this long-standing controversy, we developed a comparative paradigm. Participants' eye movements in 2 risky choice tasks that required participants to choose between risky options in single-play and…

An elusive and problematic theme of risk management has been managers' ability to effectively measure information technology (IT) risk in terms of degree of impact and probability of occurrence. The background of this problem delves deep into the rational understanding of probability, expected value, economic behavior, and subjective judgment.…

A new process model of the interplay between memory and judgment processes was recently suggested, assuming that retrieval fluency--that is, the speed with which objects are recognized--will determine inferences concerning such objects in a single-cue fashion. This aspect of the fluency heuristic, an extension of the recognition heuristic, has…

Given the nature of the valuation task environment appraisers are often made aware of previous value opinions rendered by appraisers, commonly in the form of an historic appraisal. And, because an appraisal task involves the rendering of market value, a hypothetical, unobservable construct based on probabilities, direct feedback against this…

Reports information retrieval experiments comparing the performance of a probabilistic retrieval model that incorporates interdocument links with the simpler spreading activation strategy. Results indicated that the overall improvement obtained by including hypertext links in the retrieval model was low. (30 references) (EA)