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Base rates and randomness

Published online by Cambridge University Press:  01 December 1997

Ranald R. Macdonald
Affiliation:
Department of Psychology, University of Stirling, Stirling, FK9 4LA, [email protected] www.stir.ac/departments/humansciences/psychology/staff/rrm1

Abstract

In base rate problems the estimated probability must equal the base rate only where random sampling is assumed. Otherwise there is uncertainty over and above that which can be included in any probability model and inductive inference is involved. Subjects should use base rates to the extent that the problem suggests a simple random sampling model.

Type
Continuing Commentary
Copyright
© 1997 Cambridge University Press

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