Sequentially simulated outcomes: kind experience versus nontransparent description.

  title={Sequentially simulated outcomes: kind experience versus nontransparent description.},
  author={Robin M. Hogarth and Emre Soyer},
  journal={Journal of experimental psychology. General},
  volume={140 3},
Recently, researchers have investigated differences in decision making based on description and experience. We address the issue of when experience-based judgments of probability are more accurate than are those based on description. If description is well understood ("transparent") and experience is misleading ("wicked"), it is preferable to experience. However, if description is not transparent, will valid ("kind") experience lead to more accurate judgments? We report 2 experiments. The first… CONTINUE READING
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