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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 paper expands on an idea recently voiced by neo-Brandeisians and formally modelled by economists in the past two decades – namely, that the Chicago School’s arguments for the harmless and efficiency generating nature of vertical integration do not apply on zero-priced monetized markets....
Persistent link: https://www.econbiz.de/10013220986
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