Chiodo, Abbigail J.; Guidolin, Massimo; Owyang, Michael T. - 2003 - [Elektronische Ressource], rev
insurance. Psychology theory implies, then, that a large earthquake
should cause people to overestimate the probability that …) and construct
their beliefs according to probability theory, following Bayes's rule. For most economic
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Equivalently …
literally impossible and, moreover, undesirable. Economic theory adequately explains
many types of behavior, including …