Mistaken Expectations , But Do They Matter ?


People find it difficult to answer questions about probabilities of complex uncertain events. This raises doubts about how accurately subjective expectations can reflect objective probabilities. Even if expectations are mistaken, however, the mistakes may not matter economically. We examine this question in a context where numerous studies suggest that… (More)


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@inproceedings{Hartley2008MistakenE, title={Mistaken Expectations , But Do They Matter ?}, author={Peter Hartley and Michele E. Hendrix and U. S. Government and Daniel N. Osherson}, year={2008} }