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Peer reviewedBrown, Norman R.; Siegler, Robert S. – Psychological Review, 1993
A metrics and mapping framework is proposed to account for how heuristics, domain-specific reasoning, and intuitive statistical induction processes are integrated to generate estimates. Results of 4 experiments involving 188 undergraduates illustrate framework usefulness and suggest when people use heuristics and when they emphasize…
Descriptors: Estimation (Mathematics), Graphs, Heuristics, Higher Education
Peer reviewedRiley, Kyle – Mathematics and Computer Education, 2002
Presents a simple method for estimating the volatility of stock prices and uses a spreadsheet to apply the method to actual stock prices. This method is an application of parameter estimation and can be used in an introductory statistics course. (KHR)
Descriptors: Computer Uses in Education, Economics, Estimation (Mathematics), Higher Education
