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To thy own self be true: finding the utility of cognitive information feedback
Author(s) -
Youmans Robert J.,
Stone Eric R.
Publication year - 2005
Publication title -
journal of behavioral decision making
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.136
H-Index - 76
eISSN - 1099-0771
pISSN - 0894-3257
DOI - 10.1002/bdm.508
Subject(s) - consistency (knowledge bases) , task (project management) , cognition , psychology , cognitive psychology , social psychology , reduction (mathematics) , standard deviation , computer science , statistics , artificial intelligence , economics , mathematics , neuroscience , geometry , management
This study utilized Extended MSE Analysis to investigate the effects of two types of cognitive feedback on judgmental accuracy. Participants judged the income levels of respondents to the General Social Survey in both dilution and non‐dilution scenarios, received feedback, and then repeated those judgments. Task information feedback produced improvements in judgmental accuracy, and this improvement occurred primarily from a reduction in the standard deviation of participants' judgments and an increase in the consistency with which they applied their judgment policies. Cognitive information feedback produced little effect when presented alone, but produced accuracy gains superior to all other conditions when combined with task information. We conclude by discussing the specific conditions whereby each form of feedback is likely to be effective. Copyright © 2005 John Wiley & Sons, Ltd.