Article ID: | iaor20061313 |
Country: | United States |
Volume: | 5 |
Issue: | 1 |
Publication Date: | Jan 2004 |
Journal: | INFORMS Transactions on Education |
Authors: | Brimberg Jack, Hurley Bill |
Keywords: | decision: applications, education in OR |
This paper presents a Kahneman–Tversky type probability example in a baseball context with a counter-intuitive best strategy. The problem is ideally suited for classroom discussion in an introductory course on probability or managerial decision-making.