Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Subjective Probability In the course of their daily lives men must constantly measure the probability of events. How these personal judgements conform to the actual laws of probability is investigated ...

raising awareness about subjectivity through training on probability and expert judgments of subjective probabilities, Heuristics and biases, and possible impact of subjectivity on RBDM using formal ...

This important study reports three experiments examining how the subjective experience of task regularities influences perceptual decision-making. Although the evidence linking subjective ratings to ...

IN a communication under the above title, Cohen and Hansel 1 point out that if a prize is certain and large enough, in relation to the individual's scale of values, it will be preferred to an ...