Effects of a relative-frequency elicitation question on likelihood judgment accuracy: The case of external correspondence

Authors
Citation
Pc. Price, Effects of a relative-frequency elicitation question on likelihood judgment accuracy: The case of external correspondence, ORGAN BEHAV, 76(3), 1998, pp. 277-297
Citations number
31
Categorie Soggetti
Management
Journal title
ORGANIZATIONAL BEHAVIOR AND HUMAN DECISION PROCESSES
ISSN journal
07495978 → ACNP
Volume
76
Issue
3
Year of publication
1998
Pages
277 - 297
Database
ISI
SICI code
0749-5978(199812)76:3<277:EOAREQ>2.0.ZU;2-7
Abstract
In three experiments, college students judged the likelihood that they chos e the correct alternative for each of 40 two-alternative, general-knowledge items. They responded either to a relative-frequency elicitation question ("Out of 100 questions for which you felt this certain of the answer, how m any would you answer correctly?") or to a probability elicitation question ("What is the probability that you chose the correct answer?"). Judgments i n response to the relative-frequency elicitation question tended to be lowe r, exhibit less scatter, and express complete certainty less often than jud gments in response to the probability elicitation question. Two types of ex planation for these effects are considered, First, the effect of the relati ve-frequency elicitation question may be to reduce random response error in participants' likelihood judgments, Second, the relative-frequency elicita tion question may encourage the use of frequency information and simpler al gorithms for making likelihood judgments. (C) 1998 Academic Press.