Abstract

Abstract Three concerns that limit the implications of normative decision research were described in this study. First, because there is no unequivocal way to determine whether any particular base rate is appropriate in a particular instance, the significance of the apparent base rate underutilization reported by a number of investigators is unclear. Second, because there are discrepancies between natural language and formal logic, word problems are an uncertain domain within which to gauge human inferential skills. Third, because different people will have different strategies and preferences, no single solution may be correct or optimal for all persons. In light of these limitations, a more functional approach to decision interpretation is discussed.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.