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Why People Tend to Overestimate Joint Probabilities

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Information Processing and Management of Uncertainty in Knowledge-Based Systems (IPMU 2022)

Abstract

It is known that, in general, people overestimate the probabilities of joint events. In this paper, we provide an explanation for this phenomenon – an explanation based on Laplace Indeterminacy Principle and Maximum Entropy approach.

This work was supported in part by the National Science Foundation grants 1623190 (A Model of Change for Preparing a New Generation for Professional Practice in Computer Science), and HRD-1834620 and HRD-2034030 (CAHSI Includes), and by the AT&T Fellowship in Information Technology.

It was also supported by the program of the development of the Scientific-Educational Mathematical Center of Volga Federal District No. 075-02-2020-1478, and by a grant from the Hungarian National Research, Development and Innovation Office (NRDI).

The authors are thankful to the anonymous referees for valuable suggestions.

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Correspondence to Vladik Kreinovich .

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Kosheleva, O., Kreinovich, V. (2022). Why People Tend to Overestimate Joint Probabilities. In: Ciucci, D., et al. Information Processing and Management of Uncertainty in Knowledge-Based Systems. IPMU 2022. Communications in Computer and Information Science, vol 1601. Springer, Cham. https://doi.org/10.1007/978-3-031-08971-8_40

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  • DOI: https://doi.org/10.1007/978-3-031-08971-8_40

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-031-08970-1

  • Online ISBN: 978-3-031-08971-8

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