Effects of Amount of Information on Judgment Accuracy and Confidence

@inproceedings{Tsai2008EffectsOA,
  title={Effects of Amount of Information on Judgment Accuracy and Confidence},
  author={Claire I. Tsai and Joshua Klayman and Reid Hastie},
  year={2008}
}
  • Claire I. Tsai, Joshua Klayman, Reid Hastie
  • Published 2008
  • Psychology
  • When a person evaluates his or her confidence in a judgment, what is the effect of receiving more judgment-relevant information? We report three studies that show when judges receive more information, their confidence increases more than their accuracy, producing substantial confidence-accuracy discrepancies. Our results suggest that judges do not adjust for the cognitive limitations that reduce their ability to use additional information effectively. We place these findings in a more general… CONTINUE READING

    Create an AI-powered research feed to stay up to date with new papers like this posted to ArXiv

    Citations

    Publications citing this paper.
    SHOWING 1-10 OF 49 CITATIONS

    And now in layman’s terms please

    VIEW 4 EXCERPTS
    CITES BACKGROUND & RESULTS
    HIGHLY INFLUENCED

    Essays on visual representation technology and decision making in teams

    VIEW 10 EXCERPTS
    CITES BACKGROUND & METHODS
    HIGHLY INFLUENCED

    The Dark Side of Information Proliferation

    • Thomas T. Hills
    • Psychology, Medicine
    • Perspectives on psychological science : a journal of the Association for Psychological Science
    • 2019

    References

    Publications referenced by this paper.
    SHOWING 1-10 OF 50 REFERENCES

    Overconfidence in interval estimates.

    VIEW 4 EXCERPTS

    Judgment and Decision Making

    VIEW 6 EXCERPTS
    HIGHLY INFLUENTIAL

    OVERCONFIDENCE IN CASE-STUDY JUDGMENTS.

    • Stuart Oskamp
    • Psychology, Medicine
    • Journal of consulting psychology
    • 1965
    VIEW 5 EXCERPTS
    HIGHLY INFLUENTIAL

    Overconfidence: It Depends on How, What, and Whom You Ask.

    VIEW 3 EXCERPTS
    HIGHLY INFLUENTIAL