The problem Litt posted was: 'Suppose you have a urn containing 100 balls, n of which are red and 100-n are green, where n is uniformly distributed between 0 and 100. You randomly draw a ball from the ...

This is a preview. Log in through your library . Abstract This paper uses "revealed probability trade-offs" to provide a natural foundation for probability weighting in the famous von Neumann and ...

This is a preview. Log in through your library . Abstract One of the difficult decisions facing managers responsible for maintaining motor vehicle and construction equipment fleets is whether or not ...

In professional baseball’s World Series, the championship is decided in a best-of-seven format. The first team to win four games gets the pennant. Curiously, series that go on for the full seven games ...