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Ordinary people do not ignore base rates
Published online by Cambridge University Press: 29 October 2007
Abstract
Human responses to probabilities can be studied through gambling and through experiments presenting biased sequences of stimuli. In both cases, participants are sensitive to base rates. They adjust automatically to changes in base rate; such adjustment is incompatible with conformity to Bayes' Theorem. ”Base-rate neglect” is therefore specific to the exercises in mental arithmetic reviewed in the target article.
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- Copyright © Cambridge University Press 2007
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