Lie hard: The effect of self-assessments on academic promotion decisions
AbstractFive experiments investigated whether including self-assessments in applications for a promotion might affect their evaluation, and how this effect was influenced by measures taken to reduce or eliminate it. Self-assessments influenced judgment when the applications were judged by novices and experts, and regardless of whether the participants were warned about the unreliability of self-assessments. The effect was reduced but not eliminated if a second set of assessments was available. A similar influence was found when an arbitrary set of ratings was substituted for the self-assessments, and consider-the-opposite arguments to counter the self-assessments functioned in a similar way to that found in previous studies of anchoring. Overall, the effect of self-assessments seems similar to that of anchoring, when information that is known to be unreliable or unrelated to a target variable still affects estimates of the target variable. Practically, including self-assessments as a component of performance appraisal is likely to bias the results.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Psychology.
Volume (Year): 33 (2012)
Issue (Month): 3 ()
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Web page: http://www.elsevier.com/locate/joep
Performance appraisal; Self-assessments; Cognitive bias; Anchoring effect; Promotion;
Find related papers by JEL classification:
- J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
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