Vicky Arnold
Vicky Arnold appears on this site as first author of the 2000 Accounting & Finance paper on the effect of experience and complexity on order and recency bias in decision making by professional accountants.
Who they are
The work of Vicky Arnold reaches this site through the paper listed below. On this site the name is tied to Belief-Adjustment Model, The Recency Effect.
Key papers
Arnold, V., Collier, P. A., Leech, S. A., & Sutton, S. G. (2000). The effect of experience and complexity on order and recency bias in decision making by professional accountants. Accounting & Finance, 40(2), 109-134. What it reports: Two experiments with experienced accountants and insolvency practitioners under heavy information load. Experience did not reduce order and recency bias, in line with the prediction of the belief-adjustment model.
Key ideas
Belief-Adjustment Model: A model of how people revise a judgment as evidence arrives in sequence, which predicts recency effects in complex judgments.
The Recency Effect: the advantage of whatever comes last, seen in long sequences and expert judges
Sources
- Arnold, V., Collier, P. A., Leech, S. A., & Sutton, S. G. (2000). The effect of experience and complexity on order and recency bias in decision making by professional accountants. Accounting & Finance, 40(2), 109-134.