Correction: The effect of sample size and cognitive strategy on probability estimation bias" [Decision, 2, 2, (2015) (107-117)] DOI: 10.1037/dec0000027

Hanan Shteingart, Yonatan Loewenstein

Research output: Contribution to journalComment/debate

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 languageAmerican English
Pages (from-to)126
Number of pages1
JournalDecision
Volume2
Issue number2
DOIs
StatePublished - 2015

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