Effects of Amount of Information on Judgment Accuracy and Confidence

@article{Tsai2008EffectsOA,
  title={Effects of Amount of Information on Judgment Accuracy and Confidence},
  author={Claire I. Tsai and J. Klayman and R. Hastie},
  journal={Organizational Behavior and Human Decision Processes},
  year={2008},
  volume={107},
  pages={97-105}
}
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… Expand
104 Citations

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