Johnson, J.E.V. and Bruce, A.C.
An assessment of the quality of subjective probability judgements in a naturalistic setting , Southampton, UK University of Southampton
(Discussion Papers in Accounting and Management Science, 99-146).
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The objective of this paper is to explore the extent to which human judgement and resultant decision-making in a natural setting reflects the performance characteristics suggested by experimental work. in order to explore the quality of decisions made in a natural setting, an analysis is undertaken of bets placed on 19 396 hoeses in the UK parimutuel betting market
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