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Distortion of Subjective Probabilities as a Reaction to Uncertainty

William Fellner
The Quarterly Journal of Economics
Vol. 75, No. 4 (Nov., 1961), pp. 670-689
Published by: Oxford University Press
Stable URL: http://www.jstor.org/stable/1884325
Page Count: 20
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Distortion of Subjective Probabilities as a Reaction to Uncertainty
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Abstract

I. Observation of slanted probabilities and computation of the correction factor, 670.--II. The question of rationality, 677.--III. Two small experiments, 686.

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