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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
Vildan Salikutluk1, Frank Jäkel1
1Centre for Cognitive Science, Technical University of Darmstadt.
Guesstimation, or estimating quantities with incomplete information, improves with deliberation. Studies show that while people are often overconfident in their guesstimation answers, a second, deliberated response significantly enhances accuracy.
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