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An important part of decision making in many contexts is the estimation of numerical values for uncertain quantities, such as the projected costs of a development project or the number of people who use illegal drugs. In previous research, estimation accuracy for such quantities was found to be...
Persistent link: https://www.econbiz.de/10014182450
Four groups of college students were each given two base-rate problems. Three of the groups were given an aid with the first problem: (a) An instruction to list factors or aspects that were relevant to solving the problem, (b) a fill-in-the-blank algorithm that provided the correct solution, or...
Persistent link: https://www.econbiz.de/10013147393