On the conjunction fallacy in probability judgment: New experimental evidence regarding Linda

@article{Charness2010OnTC,
  title={On the conjunction fallacy in probability judgment: New experimental evidence regarding Linda},
  author={Gary Charness and Edi Karni and Dan Levin},
  journal={Games and Economic Behavior},
  year={2010},
  volume={68},
  pages={551-556}
}
This 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… CONTINUE READING
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On the Conjunction Fallacy in Probability Judgment: New Experimental Evidence,

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Are Four Heads Better Than Two? An Experimental Beauty-contest Game with Teams of Different Size,

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