Chiodo, Abbigail J.; Guidolin, Massimo; Owyang, Michael T. - 2003 - [Elektronische Ressource], rev
probabilities, and that they
maximize expected utility. Psychological studies, however, have shown that people tend
not to adhere to … psychological studies, they may
be supported by economic models with boundedly-rational agents (Simon, 1955). In
other words, since … probability that event A originates from process B?" That is, the
representativeness heuristic is employed when a person …