Lisa L. Koonce (1993) Base-rate Usage in Accounting
. Psycoloquy: 4(51) Base Rate (3)
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Psycoloquy 4(51): Base-rate Usage in Accounting
BASE-RATE USAGE IN ACCOUNTING
Commentary on Koehler on Base-Rate
Lisa L. Koonce
Department of Accounting
CBA 4M.202
The University of Texas
Austin, TX 78712
LISA.KOONCE@UTXVM.CC.UTEXAS.EDU
Abstract
Koehler (1993) calls for a much-needed re-analysis of the
base-rate fallacy. In this commentary, I discuss the importance of
a re-analysis of the work on base rates in the applied field
accounting. Base rate data appear to be an important input for
accounting tasks.
Keywords
Base rate fallacy, Bayes' theorem, decision making,
ecological validity, ethics, fallacy, judgment, probability.
References
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