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The effects of asymmetry among advisors on the aggregation of their opinions

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  • Budescu, David V.
  • Rantilla, Adrian K.
  • Yu, Hsiu-Ting
  • Karelitz, Tzur M.

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  • Budescu, David V. & Rantilla, Adrian K. & Yu, Hsiu-Ting & Karelitz, Tzur M., 2003. "The effects of asymmetry among advisors on the aggregation of their opinions," Organizational Behavior and Human Decision Processes, Elsevier, vol. 90(1), pages 178-194, January.
    • Handle: RePEc:eee:jobhdp:v:90:y:2003:i:1:p:178-194
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    1. Sniezek, Janet A. & Buckley, Timothy, 1995. "Cueing and Cognitive Conflict in Judge-Advisor Decision Making," Organizational Behavior and Human Decision Processes, Elsevier, vol. 62(2), pages 159-174, May.
    2. Yaniv, Ilan & Kleinberger, Eli, 2000. "Advice Taking in Decision Making: Egocentric Discounting and Reputation Formation," Organizational Behavior and Human Decision Processes, Elsevier, vol. 83(2), pages 260-281, November.
    3. Alison Hubbard Ashton & Robert H. Ashton, 1985. "Aggregating Subjective Forecasts: Some Empirical Results," Management Science, INFORMS, vol. 31(12), pages 1499-1508, December.
    4. Robert T. Clemen & Robert L. Winkler, 1985. "Limits for the Precision and Value of Information from Dependent Sources," Operations Research, INFORMS, vol. 33(2), pages 427-442, April.
    5. Ashton, Robert H., 1986. "Combining the judgments of experts: How many and which ones?," Organizational Behavior and Human Decision Processes, Elsevier, vol. 38(3), pages 405-414, December.
    6. Winkler, Robert L., 1989. "Combining forecasts: A philosophical basis and some current issues," International Journal of Forecasting, Elsevier, vol. 5(4), pages 605-609.
    7. Maines, Laureen A., 1996. "An experimental examination of subjective forecast combination," International Journal of Forecasting, Elsevier, vol. 12(2), pages 223-233, June.
    8. Sniezek, Janet A. & Henry, Rebecca A., 1990. "Revision, Weighting, and commitment in consensus group judgment," Organizational Behavior and Human Decision Processes, Elsevier, vol. 45(1), pages 66-84, February.
    9. Harvey, Nigel & Harries, Clare & Fischer, Ilan, 2000. "Using Advice and Assessing Its Quality," Organizational Behavior and Human Decision Processes, Elsevier, vol. 81(2), pages 252-273, March.
    10. Trafimow, David & Sniezek, Janet A., 1994. "Perceived Expertise and Its Effect on Confidence," Organizational Behavior and Human Decision Processes, Elsevier, vol. 57(2), pages 290-302, February.
    11. Yaniv, Ilan, 1997. "Weighting and Trimming: Heuristics for Aggregating Judgments under Uncertainty," Organizational Behavior and Human Decision Processes, Elsevier, vol. 69(3), pages 237-249, March.
    12. Gonzalez, Richard, 1994. "When Words Speak Louder Than Actions: Another's Evaluations Can Appear More Diagnostic Than Their Decisions," Organizational Behavior and Human Decision Processes, Elsevier, vol. 58(2), pages 214-245, May.
    13. Robert T. Clemen, 1987. "Combining Overlapping Information," Management Science, INFORMS, vol. 33(3), pages 373-380, March.
    14. Clemen, Robert T., 1989. "Combining forecasts: A review and annotated bibliography," International Journal of Forecasting, Elsevier, vol. 5(4), pages 559-583.
    15. Fischer, Ilan & Harvey, Nigel, 1999. "Combining forecasts: What information do judges need to outperform the simple average?," International Journal of Forecasting, Elsevier, vol. 15(3), pages 227-246, July.
    16. Harvey, Nigel & Fischer, Ilan, 1997. "Taking Advice: Accepting Help, Improving Judgment, and Sharing Responsibility," Organizational Behavior and Human Decision Processes, Elsevier, vol. 70(2), pages 117-133, May.
    17. Munnich, Akos & Maksa, Gyula & J. Mokken, Robert, 1999. "Collective judgement: combining individual value judgements," Mathematical Social Sciences, Elsevier, vol. 37(3), pages 211-233, May.
    18. Wallsten, Thomas S. & Diederich, Adele, 2001. "Understanding pooled subjective probability estimates," Mathematical Social Sciences, Elsevier, vol. 41(1), pages 1-18, January.
    19. Hogarth, Robin M., 1989. "On combining diagnostic forecasts: Thoughts and some evidence," International Journal of Forecasting, Elsevier, vol. 5(4), pages 593-597.
    20. Sniezek, Janet A., 1992. "Groups under uncertainty: An examination of confidence in group decision making," Organizational Behavior and Human Decision Processes, Elsevier, vol. 52(1), pages 124-155, June.
    21. Sniezek, Janet A. & Henry, Rebecca A., 1989. "Accuracy and confidence in group judgment," Organizational Behavior and Human Decision Processes, Elsevier, vol. 43(1), pages 1-28, February.
    22. Sniezek, Janet A., 1986. "The role of variable labels in cue probability learning tasks," Organizational Behavior and Human Decision Processes, Elsevier, vol. 38(2), pages 141-161, October.
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    Citations

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    Cited by:

    1. Camacho, N.M.A. & de Jong, M.G. & Stremersch, S., 2014. "The Effect of Customer Empowerment on Adherence to Expert Advice," ERIM Report Series Research in Management ERS-2014-005-MKT, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    2. Albert E. Mannes, 2009. "Are We Wise About the Wisdom of Crowds? The Use of Group Judgments in Belief Revision," Management Science, INFORMS, vol. 55(8), pages 1267-1279, August.
    3. Corentin Vande Kerckhove & Samuel Martin & Pascal Gend & Peter J Rentfrow & Julien M Hendrickx & Vincent D Blondel, 2016. "Modelling Influence and Opinion Evolution in Online Collective Behaviour," PLOS ONE, Public Library of Science, vol. 11(6), pages 1-25, June.
    4. Berger, Loïc & Bosetti, Valentina, 2020. "Characterizing ambiguity attitudes using model uncertainty," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 621-637.
    5. Van Swol, Lyn M., 2011. "Forecasting another's enjoyment versus giving the right answer: Trust, shared values, task effects, and confidence in improving the acceptance of advice," International Journal of Forecasting, Elsevier, vol. 27(1), pages 103-120, January.
    6. Daniel P. Forbes, 2005. "The Effects of Strategic Decision Making on Entrepreneurial Self–Efficacy," Entrepreneurship Theory and Practice, , vol. 29(5), pages 599-626, September.
    7. Van Swol, Lyn M., 2011. "Forecasting another’s enjoyment versus giving the right answer: Trust, shared values, task effects, and confidence in improving the acceptance of advice," International Journal of Forecasting, Elsevier, vol. 27(1), pages 103-120.
    8. Bertrand Jayles & Clément Sire & Ralf H J M Kurvers, 2021. "Crowd control: Reducing individual estimation bias by sharing biased social information," PLOS Computational Biology, Public Library of Science, vol. 17(11), pages 1-28, November.
    9. Laure Cabantous & Denis Hilton & Howard Kunreuther & Erwann Michel-Kerjan, 2011. "Is imprecise knowledge better than conflicting expertise? Evidence from insurers’ decisions in the United States," Journal of Risk and Uncertainty, Springer, vol. 42(3), pages 211-232, June.
    10. Loic Berger & Valentina Bosetti, 2016. "Ellsberg Re-revisited: An Experiment Disentangling Model Uncertainty and Risk Aversion," Working Papers 2016.37, Fondazione Eni Enrico Mattei.
    11. Soll, Jack B. & Mannes, Albert E., 2011. "Judgmental aggregation strategies depend on whether the self is involved," International Journal of Forecasting, Elsevier, vol. 27(1), pages 81-102, January.
    12. Aurélien Baillon & Laure Cabantous & Peter Wakker, 2012. "Aggregating imprecise or conflicting beliefs: An experimental investigation using modern ambiguity theories," Journal of Risk and Uncertainty, Springer, vol. 44(2), pages 115-147, April.
    13. Loic Berger & Valentina Bosetti, 2016. "Ellsberg Re-revisited: An Experiment Disentangling Model Uncertainty and Risk Aversion," Working Papers 2016.37, Fondazione Eni Enrico Mattei.
    14. Thomson, Mary E. & Pollock, Andrew C. & Önkal, Dilek & Gönül, M. Sinan, 2019. "Combining forecasts: Performance and coherence," International Journal of Forecasting, Elsevier, vol. 35(2), pages 474-484.
    15. Karelaia, Natalia, 2006. "Thirst for confirmation in multi-attribute choice: Does search for consistency impair decision performance?," Organizational Behavior and Human Decision Processes, Elsevier, vol. 100(1), pages 128-143, May.
    16. Soll, Jack B. & Mannes, Albert E., 2011. "Judgmental aggregation strategies depend on whether the self is involved," International Journal of Forecasting, Elsevier, vol. 27(1), pages 81-102.
    17. Bonaccio, Silvia & Dalal, Reeshad S., 2006. "Advice taking and decision-making: An integrative literature review, and implications for the organizational sciences," Organizational Behavior and Human Decision Processes, Elsevier, vol. 101(2), pages 127-151, November.
    18. David V. Budescu & Hsiu-Ting Yu, 2006. "To Bayes or Not to Bayes? A Comparison of Two Classes of Models of Information Aggregation," Decision Analysis, INFORMS, vol. 3(3), pages 145-162, September.
    19. Divya Aggarwal & Pitabas Mohanty, 2022. "Influence of imprecise information on risk and ambiguity preferences: Experimental evidence," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(4), pages 1025-1038, June.
    20. Yaniv, Ilan & Choshen-Hillel, Shoham & Milyavsky, Maxim, 2011. "Receiving advice on matters of taste: Similarity, majority influence, and taste discrimination," Organizational Behavior and Human Decision Processes, Elsevier, vol. 115(1), pages 111-120, May.
    21. Camacho, Nuno & De Jong, Martijn & Stremersch, Stefan, 2014. "The effect of customer empowerment on adherence to expert advice," International Journal of Research in Marketing, Elsevier, vol. 31(3), pages 293-308.
    22. Yaniv, Ilan & Milyavsky, Maxim, 2007. "Using advice from multiple sources to revise and improve judgments," Organizational Behavior and Human Decision Processes, Elsevier, vol. 103(1), pages 104-120, May.

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