Many different functional forms have been suggested for both the value function and probability weighting function of Cumulative Prospect Theory (Tversky and Kahneman, 1992). There are also many stochastic choice functions available. Since these three components only make predictions when...

How well can people use autocorrelation information when making judgmental forecasts? In Experiment 1, participants forecast from 12 series in which the autocorrelation varied within subjects. The participants showed a sensitivity to the degree of autocorrelation. However, their forecasts...

When faced with a broad range of justiciable problems, people seek advice for around half of them, and advice from lawyers on around 13% of occasions. Various factors have been found to link to advice seeking behaviour, but it is commonly recognized that problem type ‘swamps’ other factors....