The Anchoring-and-Adjustment Heuristic
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Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
Sebastian Braun1, Ulrich Schmidt2
1Kiel Institute for the World Economy, 24105 Kiel, Germany.
Researchers re-examined the gambler's fallacy in penalty shootouts. Using a binomial test, they found no significant evidence of this bias in goalkeepers, contrary to previous findings.
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