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a) For each of the following subjective probability statements identify the error or bias and discuss its possible causes. 1. 'I estimate that the probability
a) For each of the following subjective probability statements identify the error or bias and discuss its possible causes. 1. 'I estimate that the probability that the United Kingdom will adopt the euro as its currency within the next ten years is 0.4. However, I estimate that there is a 0.6 probability that the UK will adopt the euro as its currency within the next ten years as a result of threats from international companies to move their operations outside the UK if the UK stays outside the euro zonef
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