ICPS

2021 APS Virtual Convention

Weighting Expert Opinions in Decisions from Description Vs. Experience

Virtual

Oral · Behavioral Economics

In 6 studies, we examine decisions based on varying proportions of expert opinions. We find people’s decisions are more sensitive to differences in relative frequencies of expert opinion when presented in an experiential way rather than being explicitly given. This suggests a novel method for promoting more rational probability weighting.

Chairs & Discussants

  • Jonathan BogardSpeaker
    University of California, Los Angeles
  • Craig FoxDiscussant
    UCLA-Anderson