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McKenzie, Craig R. M.; Liersch, Michael J.; Yaniv, Ilan – Organizational Behavior and Human Decision Processes, 2008
People's 90% subjective confidence intervals typically contain the true value about 50% of the time, indicating extreme overconfidence. Previous results have been mixed regarding whether experts are as overconfident as novices. Experiment 1 examined interval estimates from information technology (IT) professionals and UC San Diego (UCSD) students…
Descriptors: Confidence Testing, Intervals, Expertise, Information Technology