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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Organizational Behav...arrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
Organizational Behavior and Human Decision Processes
Article . 1997 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
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Underweighting Alternatives and Overconfidence

Authors: Craig R.M McKenzie;

Underweighting Alternatives and Overconfidence

Abstract

Much evidence outside the overconfidence literature indicates that confidence in a particular hypothesis is influenced more by evidence for and against that hypothesis than by evidence for and against the alternative. This article focuses on the impact that underweighting the alternative has on overconfidence and other related measures. Computer simulations showed that underweighting the alternative is sufficient for producing overconfidence under quite general conditions. In addition, data from two previous empirical studies were reanalyzed. In these simulated medical diagnosis studies, one group of subjects was known to take into account the alternative, and one to underweight it. The pattern of differences between the two groups was similar to the pattern found in the computer simulations where weighting of the alternative was manipulated. Furthermore, encouragement to take into account the alternative had no effect on the former group's behavior, but affected the latter group in a manner predicted by the simulations. Both the simulations and reanalyses provide direct evidence of the effect of underweighting the strength of alternatives on overconfidence.

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    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    37
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
37
Top 10%
Top 10%
Average
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