Abstract
In the article "The Effect of Sample Size and Cognitive Strategy on Probability Estimation Bias," by Hanan Shteingart and Yonatan Loewenstein (Decision, Advance online publication. February 9, 2015. http://dx.doi.org/10.1037/dec0000027), there was an error in the second paragraph of page 4. In the equation for the case of n = 2, the following sentence was incorrectly set, "Therefore, underweighting of rare events is more likely if and only if (1-p)2<.5, which implies that p<1-1/√2~0.3." It should have read, "Therefore, underweighting of rare events is more likely if and only if (1-p)2>.5, which implies that p<1-1/√2~0.3".
Original language | English |
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Pages (from-to) | 126 |
Number of pages | 1 |
Journal | Decision |
Volume | 2 |
Issue number | 2 |
DOIs |
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State | Published - 2015 |
All Science Journal Classification (ASJC) codes
- Social Psychology
- Neuropsychology and Physiological Psychology
- Applied Psychology
- Statistics, Probability and Uncertainty