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Sample Size and the Revision of Subjective Probabilities', Journal of Experimental Psychology 69 (1965), 522-527. Pitz, G. , 'Sample Size, Likelihood, and Confidence in a Decision', Psychonomic Science 8 (1967),257-258. Pitz, G. , 'Sequential Effects in the Revision of Subjective Probabilities', Canadian Journal of Psychology 21 (1967), 381-393. Rapoport, A. and Wallsten, T. , 'Individual Decision Behavior', (Vol. 23) in Annual Review of Psychology, Annual Reviews, Palo Alto, 1972, pp. 131-176.

W ALLSTEN true under specific conditions. We will attempt some clarification of the psychological concept in this paper and present a point of view concerning the relation between certain mathematical work and psychological research. It is suggested that this perspective might provide a framework within which those questions of subjective probability unique to psychology may be formulated and investigated.

The rewards, even if intended to yield information about the utility curve, are kept at the level of a few cigarettes or candies. Although such laboratory experiments by psychologists may be better performed in terms of certain aspects unknown or disregarded by statisticians, on the whole I see several points in favor of real-life experiments. When the experiment is artificial, the problem for the subjects is, more or less, to divine what the experimenter intended to test. This situation is like that in an amusing science-fiction novel, where an extraterrestrial animal reacted strangely in a psychological experiment because (at was ultimately discovered) it was interested in and able to detect the psychology of the experimenter.

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