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dc.contributor.authorCharness, Garyen_US
dc.contributor.authorKarni, Edien_US
dc.contributor.authorLevin, Danen_US
dc.date.accessioned2010-03-19en_US
dc.date.accessioned2011-09-27T15:21:34Z-
dc.date.available2011-09-27T15:21:34Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/49905-
dc.description.abstractThis paper reports the results of a series of experiments designed to test whether and to what extent individuals succumb to the conjunction fallacy. Using an experimental design of Kahneman and Tversky (1983), it finds that given mild incentives, the proportion of individuals who violate the conjunction principle is significantly lower than that reported by Kahneman and Tversky. Moreover, when subjects are allowed to consult with other subjects, these proportions fall dramatically, particularly when the size of the group rises from two to three. These findings cast serious doubts about the importance and robustness of such violations for the understanding of real-life economic decisions.en_US
dc.language.isoengen_US
dc.publisherJohns Hopkins Univ., Dep. of Economics Baltimore, Md.en_US
dc.relation.ispartofseriesWorking papers // the Johns Hopkins University, Department of Economics 552en_US
dc.subject.ddc330en_US
dc.subject.keywordConjunction fallacyen_US
dc.subject.keywordrepresentativeness biasen_US
dc.subject.keywordgroup consultationen_US
dc.subject.keywordincentivesen_US
dc.subject.stwEntscheidung bei Unsicherheiten_US
dc.subject.stwRationales Verhaltenen_US
dc.subject.stwWahrscheinlichkeitsrechnungen_US
dc.subject.stwTesten_US
dc.titleOn the conjunction fallacy in probability judgment: New experimental evidence regarding Lindaen_US
dc.typeWorking Paperen_US
dc.identifier.ppn601165225en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Papers, Department of Economics, The Johns Hopkins University

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