2020
DOI: 10.3389/fpsyg.2020.503233
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Propensities and Second Order Uncertainty: A Modified Taxi Cab Problem

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Cited by 3 publications
(2 citation statements)
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“…The implication here is that the individual is aware of the underlying probabilities, that is, of estimable risk. Such a view assumes that the individual has reasonable knowledge of the objective probability of the outcome (Dewitt et al, 2020 ) and that this probability is sufficiently stable to inform future choice: they appreciate the aleatory uncertainty involved, and their decision to approach or avoid the cat is a response to calculated risk. According to this account, tolerance of uncertainty is driven by the extent to which the individual feels averse to the odds of an unfavourable outcome and the extent to which they accept this risk.…”
Section: Uncertainty Aversionmentioning
confidence: 99%
“…The implication here is that the individual is aware of the underlying probabilities, that is, of estimable risk. Such a view assumes that the individual has reasonable knowledge of the objective probability of the outcome (Dewitt et al, 2020 ) and that this probability is sufficiently stable to inform future choice: they appreciate the aleatory uncertainty involved, and their decision to approach or avoid the cat is a response to calculated risk. According to this account, tolerance of uncertainty is driven by the extent to which the individual feels averse to the odds of an unfavourable outcome and the extent to which they accept this risk.…”
Section: Uncertainty Aversionmentioning
confidence: 99%
“…While the time we have taken to dig into the dynamics of the model will be valuable for the remainder of the paper, the key outcome for present purposes is that the mean ME‐propensity for both X and Y increase following the explosion (sometimes equally, sometimes not, depending on the particular frequencies used). In an earlier exploratory study of updating propensities (Dewitt, Fenton, Liefgreen, & Lagnado, 2020), we told participants in a modified version of the taxi cab problem that the witness had been tested five times, correctly identifying the cab color four times (rather than just providing this as a fixed 80% as in the original) and also requested them to update their estimate of the witness's accuracy after they report the cab is blue. While this should go down, because their report is in opposition to the only other evidence that 85% of cabs are green, around a quarter of our participants in fact increased their estimate of the witness's accuracy.…”
Section: Introductionmentioning
confidence: 99%