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Author:Sieck, W. R.
Title:Effects of Choice and Relative Frequency Elicitation on Overconfidence: Further Tests of an Exemplar-retrieval Model
Journal:Journal of Behavioral Decision Making
2003 : APR, VOL. 16:2, p. 127-146
Index terms:PROBABILITY
LEARNING
CHOICE THEORY
TESTS
Language:eng
Abstract:An experiment is reported in which participants rendered judgments regarding the disease states of hypothetical patients. Participants either reported likelihoods that patients had the target disease (no choice), or classified patients into disease categories and then reported likelihoods that their classifications were correct (choice included). Also, participants' likelihood judgments were made in response to either a probability probe question, or a relative frequency probe. Two distinct exemplar- memory models were compared on their ability to predict Overconfidence under these procedures. Both propose that people learn and judge by storing and retrieving examples.
SCIMA record nr: 248330
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