Graphical Techniques in Debiasing: An Exploratory Study

27 Pages Posted: 31 Oct 2008

See all articles by S. Bhasker

S. Bhasker

affiliation not provided to SSRN

A. Kumaraswamy

affiliation not provided to SSRN

Date Written: October 1990

Abstract

Base rate and conjunction fallacies are consistent biases that influence decision makinginvolving probability judgments. We develop simple graphical techniques and test theirefficacy in correcting for these biases. Preliminary results suggest that graphical techniqueshelp to overcome these biases and improve decision making. We examine the implications ofincorporating these simple techniques in Executive Information Systems.

Suggested Citation

Bhasker, S. and Kumaraswamy, A., Graphical Techniques in Debiasing: An Exploratory Study (October 1990). NYU Working Paper No. IS-90-19, Available at SSRN: https://ssrn.com/abstract=1289090

S. Bhasker (Contact Author)

affiliation not provided to SSRN

No Address Available

A. Kumaraswamy

affiliation not provided to SSRN

No Address Available

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