Elicitation is the process of extracting expert knowledge about some unknown quantity or quantities, and formulating that information as a probability distribution. Elicitation is …
D Dunning - Advances in experimental social psychology, 2011 - Elsevier
In this chapter, I provide argument and evidence that the scope of people's ignorance is often invisible to them. This meta-ignorance (or ignorance of ignorance) arises because lack …
RS Nickerson - Review of general psychology, 1998 - journals.sagepub.com
Confirmation bias, as the term is typically used in the psychological literature, connotes the seeking or interpreting of evidence in ways that are partial to existing beliefs, expectations …
T Odean - The journal of finance, 1998 - Wiley Online Library
People are overconfident. Overconfidence affects financial markets. How depends on who in the market is overconfident and on how information is distributed. This paper examines …
D Griffin, A Tversky - Cognitive psychology, 1992 - Elsevier
The pattern of overconfidence and underconfidence observed in studies of intuitive judgment is explained by the hypothesis that people focus on the strength or extremeness of …
M Rabin - Journal of economic literature, 1998 - JSTOR
BECAUSE PSYCHOLOGY systemati-cally explores human judgment, behavior, and well- being, it can teach us important facts about how humans differ from the way tlhey are …
D Dunning, C Heath, JM Suls - Psychological science in the …, 2004 - journals.sagepub.com
Research from numerous corners of psychological inquiry suggests that self-assessments of skill and character are often flawed in substantive and systematic ways. We review empirical …
Research on people's confidence in their general knowledge has to date produced two fairly stable effects, many inconsistent results, and no comprehensive theory. We propose such a …
M Rabin, JL Schrag - The quarterly journal of economics, 1999 - academic.oup.com
Psychological research indicates that people have a cognitive bias that leads them to misinterpret new information as supporting previously held hypotheses. We show in a …