Subjective probability and everyday life


Authors: 
Fhaner, S.
Category: 
Volume: 
18
Pages: 
81-84
Year: 
1977
Publisher: 
Scandinavian Journal of Psychology
Place: 
Goteborg
Abstract: 

Recent research on probability judgment indicates that people's ability to estimate probabilities is very limited. It is argued that people may lack the cognitive apparatus necessary for processing probabilistic information, in so far as probability judgments play an unimportant role in everyday life. When probability judgments occasionally are made in everyday life it is argued that they are not based on frequency data but on some more or less well grounded theory.

The CAUSE Research Group is supported in part by a member initiative grant from the American Statistical Association’s Section on Statistics and Data Science Education

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