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Subjective probability is modulated by emotions [PDF]

open access: yesScientific Reports
Information about risks and probabilities is ubiquitous in our environment, forming the basis for decisions in an uncertain world. Emotions are known to modulate subjective probability when probabilistic information is desired (as in gambles) or ...
Lara Abel   +2 more
doaj   +2 more sources

Effect of knowledge differentiation and state space partitioning on subjective probability estimation [PDF]

open access: yesScience Progress, 2021
A common technique for eliciting subjective probabilities is to provide a set of exclusive and exhaustive events and ask the assessor to estimate the probabilities of such events.
Mohammed A AlKhars
doaj   +2 more sources

The concept of probability, crisis in statistics, and the unbearable lightness of Bayesing

open access: yesScience & Philosophy, 2023
Education in statistics, the application of statistics in scientific research, and statistics itself as a scientific discipline are in crisis. Within science, the main cause of the crisis is the insufficiently clarified concept of probability.
Boris Čulina
doaj   +1 more source

Aggregating multiple probability intervals to improve calibration [PDF]

open access: yesJudgment and Decision Making, 2015
We apply the principles of the “Wisdom of Crowds (WoC)” to improve the calibration of interval estimates. Previous research has documented the significant impact of the WoC on the accuracy of point estimates but only a few studies have examined its ...
Saemi Park, David V. Budescu
doaj   +2 more sources

Subjective Probability Task: Validity and Reliability [PDF]

open access: yesKlinik Psikiyatri Dergisi, 2018
Objective: Recent studies highlighted the importance of future prospections in cognitive-behavioural therapy for the promotion of healthy coping strategies and thinking patterns.
Hasan Ergüler, Aysegül Durak Batigün
doaj   +1 more source

On the Uniqueness of Subjective Probabilities [PDF]

open access: yesEconomic Theory, 1992
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Karni, Edi, Schmeidler, David
openaire   +2 more sources

SUBJECTIVE PROBABILITY AND DELAY [PDF]

open access: yesJournal of the Experimental Analysis of Behavior, 1991
Human subjects indicated their preference between a hypothetical $1,000 reward available with various probabilities or delays and a certain reward of variable amount available immediately. The function relating the amount of the certain‐immediate reward subjectively equivalent to the delayed $1,000 reward had the same general shape (hyperbolic) as the ...
H, Rachlin, A, Raineri, D, Cross
openaire   +2 more sources

Estimating subjective probabilities [PDF]

open access: yesJournal of Risk and Uncertainty, 2014
Subjective probabilities play a central role in many economic decisions, and act as an immediate confound of inferences about behavior, unless controlled for. Several procedures to recover subjective probabilities have been proposed, but in order to recover the correct latent probability one must either construct elicitation mechanisms that control for
Andersen, S.   +3 more
openaire   +6 more sources

The category size bias: A mere misunderstanding [PDF]

open access: yesJudgment and Decision Making, 2018
Redundant or excessive information can sometimes lead people to lean on it unnecessarily. Certain experimental designs can sometimes bias results in the researcher’s favor.
Hannah Perfecto   +2 more
doaj   +3 more sources

Risk Assessment Framework for Outbound Supply-Chain Management

open access: yesInformation, 2020
We developed a framework for the risk assessment of delaying the delivery of shipments to customers in the presence of incomplete information pertaining to a significant, e.g., weather-related, event that could cause substantial disruption.
Mark Krystofik   +4 more
doaj   +1 more source

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