The influence of outcome knowledge (Fischhoff, 1975) and the availability heuristic (Tversky & Kahneman, 1974) on judgments of perceived risk was explored here. This study found that subjects were capable of making relatively appropriate probability estimates for disease, accident, and homicide in foresight, but they made relatively biased estimates in hindsight. The results suggest that hindsight information activates the use of the availability heuristic on peoples' probability estimates of certain misfortune.
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Univ New South Wales, Sch Psychiat, Sydney, NSW, AustraliaUniv New South Wales, Sch Psychiat, Sydney, NSW, Australia
Large, Matthew
Ryan, Christopher James
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Univ Sydney, Discipline Psychiat, Sydney, NSW, Australia
Univ Sydney, Ctr Values Eth & Law Med, Sydney, NSW, AustraliaUniv New South Wales, Sch Psychiat, Sydney, NSW, Australia
Ryan, Christopher James
Callaghan, Sascha
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Univ Sydney, Ctr Values Eth & Law Med, Sydney, NSW, Australia
Univ New South Wales, Sch Publ Hlth & Community Med, Sydney, NSW, AustraliaUniv New South Wales, Sch Psychiat, Sydney, NSW, Australia