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Experiments test (a) whether the maximin rule (Rawls, 1971) or the utilitarian rule (Harsanyi, 1955) is preferred by subjects in concrete resource allocation decisions under some form of a "veil of ignorance", and (b) whether an original position-like decision frame in which the subject is a...
Persistent link: https://www.econbiz.de/10014159489
Two procedures for eliciting probability judgments are compared. In the choice method, subject answers a yes/no question and then states a probability that his/her answer is correct. In the no-choice method, subject states his/her probability that a given proposition is true. Previous...
Persistent link: https://www.econbiz.de/10014161195
This is an edited and enhanced transcript (with notes and references added) from a lecture on "Probability", prepared as background material for the Minds and Machines course (SYMSYS 1/PSYCH 35/LINGUIST 35/PHIL 99) at Stanford University. From a video recorded July 30, 2019, as part of a series...
Persistent link: https://www.econbiz.de/10012828528