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Base-rate neglect and coarse probability representation
Published online by Cambridge University Press: 29 October 2007
Abstract
We believe that when assessing the likelihood of uncertain events, statistically unsophisticated people utilize a coarse internal scale that only has a limited number of categories. The success of the nested sets hypothesis may lie in its ability to provide an appropriate set structure of the problem by reducing the computational demands.
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- Copyright © Cambridge University Press 2007