The ultimate sampling dilemma in experience-based decision making.

@article{Fiedler2008TheUS,
  title={The ultimate sampling dilemma in experience-based decision making.},
  author={Klaus Fiedler},
  journal={Journal of experimental psychology. Learning, memory, and cognition},
  year={2008},
  volume={34 1},
  pages={186-203}
}
Computer simulations and 2 experiments demonstrate the ultimate sampling dilemma, which constitutes a serious obstacle to inductive inferences in a probabilistic world. Participants were asked to take the role of a manager who is to make purchasing decisions based on positive versus negative feedback about 3 providers in 2 different product domains. When information sampling (from a computerized database) was over, they had to make inferences about actual differences in the database from which… CONTINUE READING
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