The difference b/w prediction from Bayesian and human reasonings on probability estimation. Humans underreact (in the first few trials) and overreact (thereafter) to the unexpected results. Authors explain this from that participants pay as little attention to the results as possible
psycnet.apa.org
The difference b/w prediction from Bayesian and human reasonings on probability estimation. Humans underreact (in the first few trials) and overreact (thereafter) to the unexpected results. Authors explain this from that participants pay as little attention to the results as possible
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