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A Decision Support System Including Feedback to Sensitize for Certainty Interval Size

In: Operations Research Proceedings 2022

Author

Listed:
  • Nathalie Balla

    (Catholic University Eichstätt-Ingolstadt)

Abstract

In decision-making overconfidence and estimation biases can lead to sub-optimal outcomes and accuracy loss. A debiasing strategy presented in this work is to use feedback based on the error pattern of own previous absolute and 90% certainty (confidence) interval estimates. This is comprised in a decision support system (DSS) and applied in an experiment, where results indicate support for the key assumption that subjects are able to selectively reduce their overconfidence and their estimation bias, if present, with the help of the provided feedback.

Suggested Citation

  • Nathalie Balla, 2023. "A Decision Support System Including Feedback to Sensitize for Certainty Interval Size," Lecture Notes in Operations Research, in: Oliver Grothe & Stefan Nickel & Steffen Rebennack & Oliver Stein (ed.), Operations Research Proceedings 2022, chapter 0, pages 69-75, Springer.
    • Handle: RePEc:spr:lnopch:978-3-031-24907-5_9
    DOI: 10.1007/978-3-031-24907-5_9
    as

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