The effect of experience and complexity on order and recency bias in decision making by professional accountants
Arnold, Collier, Leech and Sutton, Accounting & Finance 40(2), 2000, 109-134. Belief-adjustment model predicts recency effects always appear in complex domains regardless of experience. Complexity operationalised as heavy information load with high task familiarity. Two experiments: going-concern decision with experienced partners and managers; insolvency domain with 87 experienced insolvency practitioners. Experience did not reduce order and recency bias under heavy information load.
Arnold, Collier, Leech and Sutton, Accounting & Finance 40(2), 2000, 109-134. Belief-adjustment model predicts recency effects always appear in complex domains regardless of experience. Complexity operationalised as heavy information load with high task familiarity. Two experiments: going-concern decision with experienced partners and managers; insolvency domain with 87 experienced insolvency practitioners. Experience did not reduce order and recency bias under heavy information load.
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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. doi:10.1111/1467-629X.00039 https://doi.org/10.1111/1467-629X.00039