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Overconfidence Expertise Interval estimates 1
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Liersch, Michael J. 1 McKenzie, Craig R.M. 1 Yaniv, Ilan 1
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Organizational Behavior and Human Decision Processes 1
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Overconfidence in interval estimates: What does expertise buy you?
McKenzie, Craig R.M.; Liersch, Michael J.; Yaniv, Ilan - In: Organizational Behavior and Human Decision Processes 107 (2008) 2, pp. 179-191
People's 90% subjective confidence intervals typically contain the true value about 50% of the time, indicating extreme overconfidence. Previous results have been mixed regarding whether experts are as overconfident as novices. Experiment 1 examined interval estimates from information technology...
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