Abstract
In an experiment subjects are asked to predict the next value of an univariate time series on the basis of the past observations. The average forecasts of the subjects can be well described by a surprisingly simple rule, which is called the “Bounds and Likelihood procedure”(Becker/Leopold 1996). In a new series of the experiment, conducted 2002 in Graz with 72 participants, the behaviour and score of the subjects is further analysed with the Selective Attention Test (subset of D2, Brickenkamp 1962) and Intelligence Test for Reasoning (subset of PSB, Horn 1969).
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Reference
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Becker, O., Leitner, J., Leopold-Wildburger, U., Schuetze, J.H. (2003). Bounds & Likelihood Procedure Revisited. In: Leopold-Wildburger, U., Rendl, F., Wäscher, G. (eds) Operations Research Proceedings 2002. Operations Research Proceedings 2002, vol 2002. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-55537-4_74
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DOI: https://doi.org/10.1007/978-3-642-55537-4_74
Publisher Name: Springer, Berlin, Heidelberg
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