Ganguly, Ananda R; Kagel, John H; Moser, Donald V - In: Journal of Risk and Uncertainty 20 (2000) 3, pp. 219-45
The existence of base rate fallacy (BRF) bias is explored employing: (i) a context treatment with a narrative story applied to asset markets and (ii) an isomorphic abstract setting using balls-and-bingo cages. Probability estimates reflect a BRF bias in both treatments, but is stronger with...
