base rate fallacy

GPTKB entity

Statements (19)
Predicate Object
gptkbp:instanceOf cognitive bias
gptkbp:alsoKnownAs base rate neglect
gptkbp:describes tendency to ignore base rates in favor of individuating information
gptkbp:effect leads to incorrect probability judgments
gptkbp:example overestimating likelihood of rare events
ignoring disease prevalence in medical test interpretation
gptkbp:field decision theory
psychology
statistics
gptkbp:firstDescribed 1970s
https://www.w3.org/2000/01/rdf-schema#label base rate fallacy
gptkbp:opposedBy base rate utilization
gptkbp:relatedTo gptkb:probability_theory
gptkb:representativeness_heuristic
Bayesian reasoning
gptkbp:studiedBy gptkb:Amos_Tversky
gptkb:Daniel_Kahneman
gptkbp:bfsParent gptkb:Amos_Tversky
gptkbp:bfsLayer 5