Results 11 to 20 of about 134,986 (299)

Expected utility for probabilistic prospects and the common ratio property [PDF]

open access: yesYugoslav Journal of Operations Research, 2023
We prove the existence of an expected utility function for preferences over probabilistic prospects satisfying Strict Monotonicity, Indifference, the Common Ratio Property, Substitution and Reducibility of Extreme Prospects.
Lahiri Somdeb
doaj   +1 more source

A simple remedy for overprecision in judgment

open access: yesJudgment and Decision Making, 2010
Overprecision is the most robust type of overconfidence. We present a new method that significantly reduces this bias and offers insight into its underlying cause.
Uriel Haran   +2 more
doaj   +1 more source

An empirical investigation into the role of subjective prior probability in searching for potentially missing items [PDF]

open access: yesRoyal Society Open Science, 2015
There are many examples from the scientific literature of visual search tasks in which the length, scope and success rate of the search have been shown to vary according to the searcher's expectations of whether the search target is likely to be present.
T. R. Fanshawe
doaj   +1 more source

On revision of the Guide to the Expression of Uncertainty in Measurement: Proofs of fundamental errors in Bayesian approaches

open access: yesMeasurement: Sensors, 2022
The process of revising the Guide to the Expression of Uncertainty in Measurement (GUM) is ongoing. A successful revision must be theoretically sound, so it must be based on a recognized paradigm for scientific data analysis.
R. Willink
doaj   +1 more source

On Some Applications of the Vougiouklis Hyperstructures to Probability Theory

open access: yesRatio Mathematica, 2017
Some important concepts about algebraic hyperstructures, especially from a geometric point of view, are recalled. Many applications of the Hv structures, introduced by Vougiouklis in 1990, to the de Finetti subjective probability theory are considered ...
Antonio Maturo, Fabrizio Maturo
doaj   +1 more source

The narrative bias revisited: What drives the biasing influence of narrative information on risk perceptions?

open access: yesJudgment and Decision Making, 2015
When people judge risk or the probability of a risky prospect, single case narratives can bias judgments when a statistical base-rate is also provided.
Cornelia Betsch   +3 more
doaj   +1 more source

How Does Explanatory Virtue Determine Probability Estimation?—Empirical Discussion on Effect of Instruction

open access: yesFrontiers in Psychology, 2020
It is important to reveal how humans evaluate an explanation of the recent development of explainable artificial intelligence. So, what makes people feel that one explanation is more likely than another?
Asaya Shimojo   +2 more
doaj   +1 more source

The Role of the Subjectivist Position in the Probabilization of Forensic Science

open access: yesJournal of Forensic Science and Medicine, 2015
This paper is concerned with the contribution of forensic science to the legal process by helping reduce uncertainty. Although it is now widely accepted that uncertainty should be handled by probability because it is a safeguard against incoherent ...
Alex Biedermann
doaj   +1 more source

The Accuracy of Producers' Probability Beliefs: Evidence and Implications for Insurance Valuation

open access: yesJournal of Agricultural and Resource Economics, 2002
The accuracy of producers' subjective probability beliefs is examined through a survey of large cash-grain farmers in Illinois. Findings reveal that their subjective probability beliefs about important weather variables are systematically mis-calibrated.
Bruce J. Sherrick
doaj   +1 more source

On the logical bases and gnosiological importance of the statistical method

open access: yesStatistica, 2015
The Author deals with a number of arguments inherent statistical inference and probability as the frequency limit by von Mises, the correlation between probability and chance, the concepts of casualty and causality, the inversion of Bernoulli’s theorem ...
Corrado Gini
doaj   +1 more source

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