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Incorporating input from others can enhance decision quality, yet often people do not effectively utilize advice. We propose that greater power increases the propensity to discount advice, and that a key mechanism explaining this effect is elevated confidence in one’s judgment. We investigate...
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Decades of research have yielded an array of debiasing strategies that can improve judgments and decisions across a wide range of settings in fields such as business, medicine, and policy. And, of course, debiasing strategies can improve our personal decisions as well. The purpose of this...
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A common social comparison bias -the better-than-average-effect- is frequently described as psychologically equivalent to the individual judgment bias known as overconfidence. However, research has found hard-easy effects for each bias that yield a seemingly paradoxical reversal: Hard tasks tend...
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