The subjective- sample-space
Egan Chernoff
Broschiertes Buch

The subjective- sample-space

Subjective probabilities derived from the perceived randomness of sequences of outcomes

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In this research, respondents are presented with sequences of heads and tails derived from flipping a fair coin five times and asked to consider their chances of occurrence. A new iteration of the comparative likelihood task, which maintains the ratio of heads to tails in all of the sequences presented, provides unique insight into individuals perceptions of randomness and associated probabilities. To develop the aforementioned insight, unconventional interpretations of the sample space, organized according to switches, longest run, and switches and longest run, help situate individuals answer...