Advice Taking in Decision Making: Egocentric Discounting and Reputation Formation
Yaniv, I., & Kleinberger, E. (2000). 'Advice Taking in Decision Making: Egocentric Discounting and Reputation Formation.' Organizational Behavior and Human Decision Processes, 83(2), 260-281. doi:10.1006/obhd.2000.2909. The founding demonstration. Four studies, all on computers, all with a cash bonus of one shekel per better-than-average estimate, all using general-knowledge questions on dates of historical events within the last 300 years. Study 1, 25 Hebrew University undergraduates, 15 questions: mean weight of own estimate 0.71, significantly above the 0.50 equal weighting implies, t(24) = 5.1, p < .01, with 21 of 25 above 0.50, interquartile range 0.58 to 0.87. The distribution
Yaniv, I., & Kleinberger, E. (2000). 'Advice Taking in Decision Making: Egocentric Discounting and Reputation Formation.' Organizational Behavior and Human Decision Processes, 83(2), 260-281. doi:10.1006/obhd.2000.2909. The founding demonstration. Four studies, all on computers, all with a cash bonus of one shekel per better-than-average estimate, all using general-knowledge questions on dates of historical events within the last 300 years. Study 1, 25 Hebrew University undergraduates, 15 questions: mean weight of own estimate 0.71, significantly above the 0.50 equal weighting implies, t(24) = 5.1, p < .01, with 21 of 25 above 0.50, interquartile range 0.58 to 0.87. The distribution
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Yaniv, I., & Kleinberger, E. (2000). Advice Taking in Decision Making: Egocentric Discounting and Reputation Formation. Organizational Behavior and Human Decision Processes, 83(2), 260-281. doi:10.1006/obhd.2000.2909.