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Combining advice: The weight of a dissenting opinion in the consensus

Harries, C; Yaniv, I; Harvey, N; (2004) Combining advice: The weight of a dissenting opinion in the consensus. J BEHAV DECIS MAKING , 17 (5) 333 - 348. 10.1002/bdm.474.

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Abstract

We present two studies that evaluate how people combine advice and how they respond to outlying opinions. In a preliminary study, we found that individuals use discounting strategies when they encounter an extreme opinion in a small sample of opinions taken only once (a one-shot advice-taking situation). The main study examines the influence of outlying opinions (which may or may not be accurate) within a learning paradigm with feedback. This study shows that it is easy to reinforce a discounting strategy (with feedback) whereas it is more difficult to counteract this default strategy. In the discussion we consider cognitive, statistical, and strategic justifications for discounting opinions, from both theoretical and practical points of view. Copyright (C) 2004 John Wiley Sons, Ltd.

Type:Article
Title:Combining advice: The weight of a dissenting opinion in the consensus
DOI:10.1002/bdm.474
Keywords:advice taking, combining forecasts, judgment, dissenting opinions, outliers, DECISION SCHEME THEORY, BENEFIT, AGGREGATION, INFORMATION, CONFIDENCE, JUDGMENT
UCL classification:UCL > School of Life and Medical Sciences > Faculty of Brain Sciences > Psychology and Language Sciences (Division of) > Cognitive, Perceptual and Brain Sciences
UCL > School of Life and Medical Sciences > Faculty of Life Sciences

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