Subjective probability and decision under uncertainty

N. T. Feather

doi:10.1037/h0045692

Subjective probability and decision under uncertainty

N. T. Feather

College of Education, Psychology and Social Work

Research output: Contribution to journal › Article › peer-review

111 Citations (Scopus)

Abstract

The concept of subjective probability is investigated in Levin's level of aspiration, Tolman's principles of performance, Rotter's fundamental equation in social learning theory, Edward's subjectively expressed utility (SEU) model in decision theory, and Atkinson's risk-taking model. Though from different areas in psychology, the similarity of these concepts is demonstrated. One discrepancy between the concepts, however, is open to experimental investigation: are valences, reinforcement values, and utilities independent of subjective probability or not? Experiments to test this are outlined. (36 ref.) (PsycINFO Database Record (c) 2006 APA, all rights reserved).

Original language	English
Pages (from-to)	150-164
Number of pages	15
Journal	Psychological Review
Volume	66
Issue number	3
DOIs	https://doi.org/10.1037/h0045692
Publication status	Published - 1 May 1959

Keywords

SUBJECTIVE PROBABILITY, INFORMATION THEORY & INFORMATION THEORY, DECISION MAKING & PROBLEM SOLVING & THINKING

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10.1037/h0045692

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Subjective probability and decision under uncertainty

Abstract

Keywords

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