Suppose, somebody has to estimate the likelihood of one of the following events (or has to estimate which event is more likely): A coin is tossed six times and each time the result is heads. ...
I've just been learning about the Expectancy Valence Model of the Iowa Gambling Task (see Busemeyer & Stout, 2002; Yechiam et al 2005). The model includes three parameters: motivation, ...
I found the following anecdote on Quora Many years ago, I worked for a gas & electric power company, and had been a member of a crew installing a road-side gas main. Despite the signs, ...
I am having trouble understanding Table 1 of Gigerenzer, Hell, and Blank (1988, PDF, table on page 516): Focusing on the Jack row, it is stated that the mean probabilities of Jack being an engineer ...
Normally, when an individual is more confident in a particular response (e.g., memory decision, general knowledge answer), he or she is also more likely to be accurate. There are also studies in which ...
In many areas of life we have a choice between multiple options: if we are hungry and we want to go out to eat, we have a number of places to choose from (McDonalds, etc). However, we also still have ...
Many experiments in cognitive psychology and other domains ask for confidence ratings (e.g., on a 0-100 scale, 100 meaning "I'm sure I experienced this stimulus"). What accounts describe how these ...