IDEAS home Printed from https://ideas.repec.org/a/eee/jobhdp/v90y2003i1p87-110.html
   My bibliography  Save this article

A random support model of the calibration of subjective probabilities

Author

Listed:
  • Brenner, Lyle A.

Abstract

No abstract is available for this item.

Suggested Citation

  • Brenner, Lyle A., 2003. "A random support model of the calibration of subjective probabilities," Organizational Behavior and Human Decision Processes, Elsevier, vol. 90(1), pages 87-110, January.
  • Handle: RePEc:eee:jobhdp:v:90:y:2003:i:1:p:87-110
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0749-5978(03)00004-9
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Ronis, David L. & Yates, J. Frank, 1987. "Components of probability judgment accuracy: Individual consistency and effects of subject matter and assessment method," Organizational Behavior and Human Decision Processes, Elsevier, vol. 40(2), pages 193-218, October.
    2. Klayman, Joshua & Soll, Jack B. & Gonzalez-Vallejo, Claudia & Barlas, Sema, 1999. "Overconfidence: It Depends on How, What, and Whom You Ask, , , , , , , , ," Organizational Behavior and Human Decision Processes, Elsevier, vol. 79(3), pages 216-247, September.
    3. Bjorkman, Mats, 1994. "Internal Cue Theory: Calibration and Resolution of Confidence in General Knowledge," Organizational Behavior and Human Decision Processes, Elsevier, vol. 58(3), pages 386-405, June.
    4. Bjorkman, Mats, 1992. "Knowledge, calibration, and resolution: A linear model," Organizational Behavior and Human Decision Processes, Elsevier, vol. 51(1), pages 1-21, February.
    5. Koehler, Derek J., 1996. "A Strength Model of Probability Judgments for Tournaments," Organizational Behavior and Human Decision Processes, Elsevier, vol. 66(1), pages 16-21, April.
    6. Soll, Jack B., 1996. "Determinants of Overconfidence and Miscalibration: The Roles of Random Error and Ecological Structure," Organizational Behavior and Human Decision Processes, Elsevier, vol. 65(2), pages 117-137, February.
    7. Suantak, Liana & Bolger, Fergus & Ferrell, William R., 1996. "The Hard-Easy Effect in Subjective Probability Calibration," Organizational Behavior and Human Decision Processes, Elsevier, vol. 67(2), pages 201-221, August.
    8. Wallsten, Thomas S., 1996. "An Analysis of Judgment Research Analyses," Organizational Behavior and Human Decision Processes, Elsevier, vol. 65(3), pages 220-226, March.
    9. Thomas S. Wallsten & David V. Budescu, 1983. "State of the Art---Encoding Subjective Probabilities: A Psychological and Psychometric Review," Management Science, INFORMS, vol. 29(2), pages 151-173, February.
    10. Pfeifer, Phillip E., 1994. "Are We Overconfident in the Belief That Probability Forecasters Are Overconfident?," Organizational Behavior and Human Decision Processes, Elsevier, vol. 58(2), pages 203-213, May.
    11. Juslin, Peter, 1994. "The Overconfidence Phenomenon as a Consequence of Informal Experimenter-Guided Selection of Almanac Items," Organizational Behavior and Human Decision Processes, Elsevier, vol. 57(2), pages 226-246, February.
    12. Brenner, Lyle A. & Koehler, Derek J. & Liberman, Varda & Tversky, Amos, 1996. "Overconfidence in Probability and Frequency Judgments: A Critical Examination," Organizational Behavior and Human Decision Processes, Elsevier, vol. 65(3), pages 212-219, March.
    13. Carl S. Spetzler & Carl-Axel S. Staël Von Holstein, 1975. "Exceptional Paper--Probability Encoding in Decision Analysis," Management Science, INFORMS, vol. 22(3), pages 340-358, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. David Tannenbaum & Craig R. Fox & Gülden Ülkümen, 2017. "Judgment Extremity and Accuracy Under Epistemic vs. Aleatory Uncertainty," Management Science, INFORMS, vol. 63(2), pages 497-518, February.
    2. Larrick, Richard P. & Burson, Katherine A. & Soll, Jack B., 2007. "Social comparison and confidence: When thinking you're better than average predicts overconfidence (and when it does not)," Organizational Behavior and Human Decision Processes, Elsevier, vol. 102(1), pages 76-94, January.
    3. Pirinsky, Christo, 2013. "Confidence and economic attitudes," Journal of Economic Behavior & Organization, Elsevier, vol. 91(C), pages 139-158.
    4. David Tannenbaum & Craig R. Fox & Gülden Ülkümen, 2017. "Judgment Extremity and Accuracy Under Epistemic vs. Aleatory Uncertainty," Management Science, INFORMS, vol. 63(2), pages 497-518, February.
    5. See, Kelly E. & Morrison, Elizabeth W. & Rothman, Naomi B. & Soll, Jack B., 2011. "The detrimental effects of power on confidence, advice taking, and accuracy," Organizational Behavior and Human Decision Processes, Elsevier, vol. 116(2), pages 272-285.
    6. Matthias Meyer & Cathérine Grisar & Felix Kuhnert, 2011. "The impact of biases on simulation-based risk aggregation: modeling cognitive influences on risk assessment," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 22(1), pages 79-105, September.
    7. Brenner, Lyle & Griffin, Dale & Koehler, Derek J., 2005. "Modeling patterns of probability calibration with random support theory: Diagnosing case-based judgment," Organizational Behavior and Human Decision Processes, Elsevier, vol. 97(1), pages 64-81, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Brenner, Lyle & Griffin, Dale & Koehler, Derek J., 2005. "Modeling patterns of probability calibration with random support theory: Diagnosing case-based judgment," Organizational Behavior and Human Decision Processes, Elsevier, vol. 97(1), pages 64-81, May.
    2. Klayman, Joshua & Soll, Jack B. & Gonzalez-Vallejo, Claudia & Barlas, Sema, 1999. "Overconfidence: It Depends on How, What, and Whom You Ask, , , , , , , , ," Organizational Behavior and Human Decision Processes, Elsevier, vol. 79(3), pages 216-247, September.
    3. Juslin, Peter & Olsson, Henrik & Winman, Anders, 1998. "The Calibration Issue: Theoretical Comments on Suantak, Bolger, and Ferrell (1996)," Organizational Behavior and Human Decision Processes, Elsevier, vol. 73(1), pages 3-26, January.
    4. Juslin, Peter & Winman, Anders & Olsson, Henrik, 2003. "Calibration, additivity, and source independence of probability judgments in general knowledge and sensory discrimination tasks," Organizational Behavior and Human Decision Processes, Elsevier, vol. 92(1-2), pages 34-51.
    5. Dorota Skała, 2008. "Overconfidence in Psychology and Finance – an Interdisciplinary Literature Review," Bank i Kredyt, Narodowy Bank Polski, vol. 39(4), pages 33-50.
    6. Olsson, Henrik, 2014. "Measuring overconfidence: Methodological problems and statistical artifacts," Journal of Business Research, Elsevier, vol. 67(8), pages 1766-1770.
    7. David V. Budescu & Timothy R. Johnson, 2011. "A model-based approach for the analysis of the calibration of probability judgments," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 6(8), pages 857-869, December.
    8. Michailova, Julija, 2010. "Development of the overconfidence measurement instrument for the economic experiment," MPRA Paper 34799, University Library of Munich, Germany, revised Nov 2011.
    9. repec:cup:judgdm:v:6:y:2011:i:8:p:857-869 is not listed on IDEAS
    10. David V. Budescu & Ning Du, 2007. "Coherence and Consistency of Investors' Probability Judgments," Management Science, INFORMS, vol. 53(11), pages 1731-1744, November.
    11. McKenzie, Craig R. M., 1997. "Underweighting Alternatives and Overconfidence," Organizational Behavior and Human Decision Processes, Elsevier, vol. 71(2), pages 141-160, August.
    12. Matthias Meyer & Cathérine Grisar & Felix Kuhnert, 2011. "The impact of biases on simulation-based risk aggregation: modeling cognitive influences on risk assessment," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 22(1), pages 79-105, September.
    13. David Tannenbaum & Craig R. Fox & Gülden Ülkümen, 2017. "Judgment Extremity and Accuracy Under Epistemic vs. Aleatory Uncertainty," Management Science, INFORMS, vol. 63(2), pages 497-518, February.
    14. Aukutsionek, Sergei P. & Belianin, Alexis V., 2001. "Quality of forecasts and business performance: A survey study of Russian managers," Journal of Economic Psychology, Elsevier, vol. 22(5), pages 661-692, October.
    15. Stone, Eric R. & Opel, Ryan B., 2000. "Training to Improve Calibration and Discrimination: The Effects of Performance and Environmental Feedback," Organizational Behavior and Human Decision Processes, Elsevier, vol. 83(2), pages 282-309, November.
    16. Tsai, Claire I. & Klayman, Joshua & Hastie, Reid, 2008. "Effects of amount of information on judgment accuracy and confidence," Organizational Behavior and Human Decision Processes, Elsevier, vol. 107(2), pages 97-105, November.
    17. Ali E. Abbas & David V. Budescu & Hsiu-Ting Yu & Ryan Haggerty, 2008. "A Comparison of Two Probability Encoding Methods: Fixed Probability vs. Fixed Variable Values," Decision Analysis, INFORMS, vol. 5(4), pages 190-202, December.
    18. Larrick, Richard P. & Burson, Katherine A. & Soll, Jack B., 2007. "Social comparison and confidence: When thinking you're better than average predicts overconfidence (and when it does not)," Organizational Behavior and Human Decision Processes, Elsevier, vol. 102(1), pages 76-94, January.
    19. Langnickel, Ferdinand & Zeisberger, Stefan, 2016. "Do we measure overconfidence? A closer look at the interval production task," Journal of Economic Behavior & Organization, Elsevier, vol. 128(C), pages 121-133.
    20. Wallsten, Thomas S. & Gu, Hongbin, 2003. "Distinguishing choice and subjective probability estimation processes: Implications for theories of judgment and for cross-cultural comparisons," Organizational Behavior and Human Decision Processes, Elsevier, vol. 90(1), pages 111-123, January.
    21. David Tannenbaum & Craig R. Fox & Gülden Ülkümen, 2017. "Judgment Extremity and Accuracy Under Epistemic vs. Aleatory Uncertainty," Management Science, INFORMS, vol. 63(2), pages 497-518, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jobhdp:v:90:y:2003:i:1:p:87-110. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/obhdp .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.