Thomas Dohmen|Armin Falk|David Huffman|Felix Marklein|Uwe Sunde
Biased probability judgment: Evidence of incidence and relationship to economic outcomes from a representative sample
many economic decisions involve substantial amount uncertainty therefore crucially depend individuals process probabilistic information paper investigate capability probability judgment representative sample german population results show almost third respondents exhibits systematically biased perceptions probability findings also indicate observed biases related individual economic outcomes suggests potential policy relevance findings