What's next? Judging sequences of binary events.

Abstract:

:The authors review research on judgments of random and nonrandom sequences involving binary events with a focus on studies documenting gambler's fallacy and hot hand beliefs. The domains of judgment include random devices, births, lotteries, sports performances, stock prices, and others. After discussing existing theories of sequence judgments, the authors conclude that in many everyday settings people have naive complex models of the mechanisms they believe generate observed events, and they rely on these models for explanations, predictions, and other inferences about event sequences. The authors next introduce an explanation-based, mental models framework for describing people's beliefs about binary sequences, based on 4 perceived characteristics of the sequence generator: randomness, intentionality, control, and goal complexity. Furthermore, they propose a Markov process framework as a useful theoretical notation for the description of mental models and for the analysis of actual event sequences.

journal_name

Psychol Bull

journal_title

Psychological bulletin

authors

Oskarsson AT,Van Boven L,McClelland GH,Hastie R

doi

10.1037/a0014821

subject

Has Abstract

pub_date

2009-03-01 00:00:00

pages

262-85

issue

2

eissn

0033-2909

issn

1939-1455

pii

2009-02580-008

journal_volume

135

pub_type

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