Results 21 to 30 of about 2,925,891 (315)

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

Experimental Investigation on the Elicitation of Subjective Distributions

open access: yesFrontiers in Psychology, 2019
Elicitation methods aim to build participants' distributions about a parameter of interest. In most elicitation studies this parameter is rarely known in advance and hinders an objective comparison between elicitation methods.
Carlos J. Barrera-Causil   +2 more
doaj   +1 more source

Subjective value representations during effort, probability and time discounting across adulthood

open access: yesSocial Cognitive and Affective Neuroscience, 2018
Every day, humans make countless decisions that require the integration of information about potential benefits (i.e. rewards) with other decision features (i.e. effort required, probability of an outcome or time delays). Here, we examine the overlap and
K. Seaman   +8 more
semanticscholar   +1 more source

Modeling Dynamic Risk Perception Using Large Language Model (LLM) Agents

open access: yesAI
Background: Understanding how accident risk escalates during unfolding industrial events is essential for developing intelligent safety systems. This study proposes a large language model (LLM)-based framework that simulates human-like risk reasoning ...
He Wen, Mojtaba Parsaee, Zaman Sajid
doaj   +1 more source

Optimal Reinsurance with Heterogeneous Reference Probabilities

open access: yesRisks, 2016
This paper studies the problem of optimal reinsurance contract design. We let the insurer use dual utility, and the premium is an extended Wang’s premium principle.
Tim J. Boonen
doaj   +1 more source

Bayesian Decision Theory and Stochastic Independence [PDF]

open access: yes, 2020
As stochastic independence is essential to the mathematical development of probability theory, it seems that any foundational work on probability should be able to account for this property. Bayesian decision theory appears to be wanting in this respect.
Mongin, Philippe
core  

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