People tend to combine roundwise comparison with infrequent switching, and summary-wise comparison with frequent switching. 4/4
People tend to combine roundwise comparison with infrequent switching, and summary-wise comparison with frequent switching. 4/4
• Roundwise comparison → underweighting of rarely sampled events
• Summary-wise comparison → generally more overweighting
• Roundwise comparison → underweighting of rarely sampled events
• Summary-wise comparison → generally more overweighting
Simulations show that roundwise comp. yields more maximizing w/ low switch rates, while summary comp. yields more maximizing w/ high switch rates. 2/4
Simulations show that roundwise comp. yields more maximizing w/ low switch rates, while summary comp. yields more maximizing w/ high switch rates. 2/4