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Related Experiment Videos

Taking advice, using information and knowing what you are doing.

C Harries1, N Harvey

  • 1Department of Psychology, University College London, UK.

Acta Psychologica
|July 20, 2000
PubMed
Summary
This summary is machine-generated.

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People

Area of Science:

  • Cognitive Psychology
  • Decision Science
  • Behavioral Economics

Background:

  • Subjective descriptions of judgment policies are often inaccurate.
  • Inaccuracies may stem from single-occasion weight reporting, ideal vs. actual response confusion, or difficulty mapping stimulus to response dimensions.

Purpose of the Study:

  • To investigate factors influencing the accuracy of subjective judgment policy descriptions.
  • To examine how timing of weight reporting, ideal vs. actual weights, and stimulus-response dimension alignment affect policy description accuracy.

Main Methods:

  • Participants made sales forecasts using four information cues.
  • Participants reported weights for each cue during each trial and at the end of all trials.
  • Participants also reported ideal weights for each cue.

Related Experiment Videos

Main Results:

  • Weights reported on each trial were more accurate than those reported post-task.
  • Stated actual weights closely matched stated ideal weights.
  • Weight accuracy improved when forecast and cue dimensions aligned.

Conclusions:

  • The timing of weight reporting significantly impacts accuracy.
  • People struggle to differentiate between ideal and actual judgment processes.
  • Dimensional alignment between cues and responses is crucial for accurate self-assessment of judgment policies.