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The three-door problem is an example of a systematic violation of a key rationality postulate that has attracted much attention. In this seemingly simple individual decision task, most people initially fail to apply correctly Bayes' Law, and to make the payoff-maximizing choice. Previous...
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The three-door problem is an astounding example of a systematic violation of a key rationality postulate. In this seemingly simple individual decision task, most people initially fail to correctly apply Bayes' Law, and to make the payoff-maximizing choice. Previous experimental studies have...
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