Advanced Search
MyIDEAS: Login to save this article or follow this journal

Coherence and bidirectional reasoning in complex and risky decision-making tasks

Contents:

Author Info

  • C. Gustav Lundberg
Registered author(s):

    Abstract

    The facts matter, but the story matters more. (David R. Dow, author of The autobiography of an execution, as cited in Lithwick, 2010, p. 10) The process of making sense of and making decisions in complex and risky task settings is illustrated via detailed examination of decision tasks given to professional external auditors making a going concern judgment and to non-experts serving as mock jurors. Consistent with coherence and constraint satisfaction theory, the assessments of the evidence do diverge and the correlations between the decision and the aspects, as well as those between the various aspects, become stronger as the decision-making process progresses. An examination of adjustments made to individual aspects illustrates how coherence is generated and highlights the role of relative aspect mutability. Neural network models are built of the various decisions and their outputs related to the decision-makers' stated confidence in their decisions. The findings shed further light on the workings of inference-based decision-making.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.tandfonline.com/doi/abs/10.1080/00779954.2011.556077
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal New Zealand Economic Papers.

    Volume (Year): 45 (2011)
    Issue (Month): 1-2 ()
    Pages: 161-181

    as in new window
    Handle: RePEc:taf:nzecpp:v:45:y:2011:i:1-2:p:161-181

    Contact details of provider:
    Web page: http://www.tandfonline.com/RNZP20

    Order Information:
    Web: http://www.tandfonline.com/pricing/journal/RNZP20

    Related research

    Keywords: inference-based decision-making; coherence theory; bidirectional reasoning;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:taf:nzecpp:v:45:y:2011:i:1-2:p:161-181. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.