A psychophysical evaluation of diminishing returns in riskless decision making
Article Abstract:
The role of numerosity on diminishing returns (DR) was examined. Value and numerosity functions were compared to account for DR for riskless commodity bundles, in this case toiletries. The pattern of results indicate that the marginal utility for a unit decreases as the total amount increases, as earlier studies had suggested. The findings indicate that the numerosity function of DR should be considered in research as empirical data are consistent with numerosity model predictions.
Publication Name: Organizational Behavior & Human Decision Processes
Subject: Psychology and mental health
ISSN: 0749-5978
Year: 1992
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Personal attributes of expert auditors
Article Abstract:
The beliefs and attitudes of expert auditors about their field were surveyed. The subjects were classiffied as either a manager, supervisor or a student. Results showed that most of the perceptions were similar across the three groups. Managers placed importance on behavior, supervisors on strategy and students on observable traits. These results indicate that professionals do have their own notions on expertise and that there are important differences regarding these notions.
Publication Name: Organizational Behavior & Human Decision Processes
Subject: Psychology and mental health
ISSN: 0749-5978
Year: 1992
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Competence in experts: the role of task characteristics
Article Abstract:
The Theory of Expert Competence provides an alternative view about experts from that provided by decision research and cognitive science. This theory presents five factors that determine expert competence. These include the amount of knowledge in the area, psychological factors, cognitive skills, decision strategies and task characteristics. The last aspect is considered to be of primary importance.
Publication Name: Organizational Behavior & Human Decision Processes
Subject: Psychology and mental health
ISSN: 0749-5978
Year: 1992
User Contributions:
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