Cross-cultural variations in probability judgment accuracy: beyond general knowledge overconfidence?

Article Abstract:

Cross-cultural differences in overconfidence is not limited to general knowledge but also applies to practical decision making. The Chinese culture has been found to have strong overconfidence traits while the Japanese exhibit the weakest. Moreover, the Chinese have been found to be constantly changing their decisions, attributed to the rare and infrequent reasoning tasks in the Chinese culture. Fundamental differences between cultures exists with regards to decision making. Cross-cultural differences imply that in circumstances where logic is the major deciding factor, disregarding cultural factors of decision makers may elicit erroneous results.

Research and Development in the Social Sciences and Humanities, Social & Behavioral Sciences, Analysis, Organizational behavior, Workplace multiculturalism, Workplace diversity

---

Foreground: background salience: explaining the effects of graphical displays on risk avoidance

Article Abstract:

An attempt is made to determine the mechanisms underlying the graphical effect by Stone, Yates, and Parker, in which graphical formats for conveying risk information are more effective than numerical formats for increasing risk-avoidant behavior. The experiments of this research suggest the presence of a foreground background salience effect, whereby the key factor is whether attention is called to the number of people at risk of harm, or whether the focus is on number of people harmed.

Asset & Risk Management, Influence, Risk management, Graphic methods

---

Professional vs. amateur judgment accuracy: The case of foreign exchange rates

Article Abstract:

There are reliable differences in the accuracy of judgments offered by professionals and amateurs. Research was tested in foreign exchange (FX) rate forecasting where forty professionals and fifty-seven sophisticated amateur forecasters made one-day and one-week-ahead FX predictions in deterministic and probabilistic formats.

Science & research, Research, Decision-making, Decision making, Foreign exchange rates

Similar abstracts:

• Abstracts: Seasonal variations in the activity budget of Japanese macaques in the coniferous forest of Yakushima: effects of food and temperature
• Abstracts: Children's responses to adult-adult and mother-child arguments: the role of parental marital conflict and distress
• Abstracts: Rapid responders to intensive treatment of bulimia nervosa. Eating disorder not otherwise specified: the view from a tertiary care treatment center
• Abstracts: Grammatical feature selection in noun phrase production: evidence from German and Dutch. The selection of closed-class words in noun phrase production: the case of Dutch determiners
• Abstracts: Depressed versus nondepressed young adult tobacco users: differences in coping style, weight concerns, and exercise level

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.