Skip to main content
Article
A Liberal Challenge to Behavioral Economics: The Case of Probability
New York University Journal of Law & Liberty (2007)
  • Alex Stein
Abstract

THE "BLUE CAB" EXPERIMENT: ARE LAY FACT-FINDERS "PROBABILISTICALLY CHALLENGED"? No, they are not. The experiment is methodologically deficient, as is the behavioral economics' assumption that one needs to conceptualize probabilities in the Pascalian way in order to be rational.

Disciplines
Publication Date
2007
Citation Information
Alex Stein. "A Liberal Challenge to Behavioral Economics: The Case of Probability" New York University Journal of Law & Liberty Vol. 2 (2007)
Available at: http://works.bepress.com/alex_stein/7/