†School of Pharmacy and Medical Sciences, Division of Health Sciences, University of South Australia, City East Campus, Adelaide, South Australia 5000, Australia ‡ Ian Wark Research Institute, ...
Discover the base rate fallacy's impact on investing decisions. Learn how overlooking this cognitive bias can lead to financial misjudgments and market misconceptions.
Abstract: Service industries today comprise more than 75% of the U.S. economy and the great majority of the gross domestic product of virtually all developed nations. It is therefore important to ...
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