This paper introduces a utilitarian confidence testing statistic called Risk Inclination Model (RIM) which indexes all possible confidence wagering combinations within the confines of a defined symmetrically point-balanced test environment. This paper presents the theoretical underpinnings, a formal derivation, a hypothetical application, and…

It is believed that if primary grade children are exposed to the fundamentals of economics, they will be better able to comprehend and apply the principles in later years. This paper describes an inservice economics education training institute for elementary school teachers that integrates the following strategies: (1) an experienced-based…

The model of feedback processing proposed by R. W. Kulhavy and W. A. Stock (1989) was studied in a traditional classroom setting in which methods of assessing students' response confidence as predictors of postfeedback performance were also examined. The relationship between confidence ratings at the time of the test and confidence assessed prior…