Conservatism revisited: Base rates, prior probabilities, and averaging strategies

Behavioral and Brain Sciences 19 (1):36-37 (1996)
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Abstract

Consistent with Koehler's position, we propose a generalization of the base rate fallacy and earlier conservatism literatures. In studies using both traditional tasks and new tasks based on ecologically valid base rates, our subjects typically underweight individuating information at least as much as they underweight base rates. The implications of cue consistency for averaging heuristics are discussed.

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