Decisions from experience andstatistical probabilities: Why they trigger different choices than a priori probabilities
نویسندگان
چکیده
منابع مشابه
Decisions From Experience and Statistical Probabilities: Why They Trigger Different Choices Than a Priori Probabilities
The distinction between risk and uncertainty is deeply entrenched in psychologists’ and economists’ thinking. Knight (1921), to whom it is frequently attributed, however, went beyond this dichotomy. Within the domain of risk, he set apart a priori and statistical probabilities, a distinction that maps onto that between decisions from description and experience, respectively. We argue this disti...
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ژورنال
عنوان ژورنال: Journal of Behavioral Decision Making
سال: 2010
ISSN: 0894-3257,1099-0771
DOI: 10.1002/bdm.665