Correlation neglect and case-based decisions

• Main Authors: Radoc, Benjamin, Sugden, Robert, Turocy, Theodore L
• 格式: text
• 出版: Archīum Ateneo 2019
• 主題: Case-based decision theory; Bayesian learning; Probability judgement; Correlation; Experiment; Economics
• 在線閱讀: https://archium.ateneo.edu/economics-faculty-pubs/59; https://link.springer.com/article/10.1007%2Fs11166-019-09309-1
• 機構: Ateneo De Manila University

In most theories of choice under uncertainty, decision-makers are assumed to evaluate acts in terms of subjective values attributed to consequences and probabilities assigned to events. Case-based decision theory (CBDT), proposed by Gilboa and Schmeidler, is fundamentally different, and in the tradi...