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A Priori Probabilities in Gambling

Abstract

WHEN persons observe randomly generated events of different kinds and are afterwards required to report on the frequency with which each kind of event occurred, they tend to over-estimate the frequency of occurrence of infrequent events and under-estimate that of comparatively frequent ones1,2.

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References

  1. Hornseth, J. P., unpublished Ph.D. thesis described in “Information Theory in Psychology”, edit. by Quastler (The Free Press).

  2. Attneave, F., J. Exp. Psychol., 46, 81 (1953).

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  3. Preston, M. G., and Baratta, P., Amer. J. Psychol., 44, 183 (1948).

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  4. Griffith, R. M., Amer. J. Psychol., 62, 290 (1949).

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  5. Coombs, C. H., and Komorita, S. S., Amer. J. Psychol., 71, 383 (1958).

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DALE, H. A Priori Probabilities in Gambling. Nature 183, 842–843 (1959). https://doi.org/10.1038/183842a0

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  • DOI: https://doi.org/10.1038/183842a0

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