Propagation of Uncertainty from Random Error
Propagation of Uncertainty from Systematic Error
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Uncertainty: Confidence Intervals
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Arthur Prat-Carrabin1, Michael Woodford1
1Department of Economics, Columbia University.
View abstract on PubMed
Human subjects show systematic deviations from Bayesian inference when estimating probabilities. They exhibit underreaction to evidence early on and overreaction later, suggesting an economy of attention rather than incorrect beliefs.
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