Effects of distance between initial estimates and advice on advice utilization

Journal Title: Judgment and Decision Making - Year 2015, Vol 10, Issue 2

Abstract

Six experiments investigated how the distance between one’s initial opinion and advice relates to advice utilization. Going beyond previous research, we relate advice distance to both relative adjustments and absolute adjustments towards the advice, and we also investigate a second mode of advice utilization, namely confidence shifts due to social validation. Whereas previous research suggests that advice is weighted less the more it differs from one’s initial opinion, we consistently find evidence of a curvilinear pattern. Advice is weighted less when advice distance is low and when it is high. This is in particular because individuals are much more likely to retain their initial opinions in the light of near advice. Also, absolute opinion adjustments towards the advice increases in a monotone fashion as advice distance increases. This finding is in contrast to the predictions of the theoretical framework previous studies on advice distance are based on, social judgment theory. Instead, they data are more in line with a simple stimulus-response model suggesting that absolute adjustments towards the advice increase with advice distance but—potentially—with diminished sensitivity. Finally, our data show that advice can be utilized even when it receives zero weight during belief revision. The closer advice was to the initial opinions, the more it served as a means for social validation, increasing decision-makers’ confidence in the accuracy of their final opinions. Thus, our findings suggest that advice utilization is a more complex function of advice distance than previously assumed.

Authors and Affiliations

Thomas Schultze, Anne-Fernandine Rakotoarisoa and Stefan Schulz-Hardt

Keywords

Related Articles

The value of victory: social origins of the winner’s curse in common value auctions

Auctions, normally considered as devices facilitating trade, also provide a way to probe mechanisms governing one’s valuation of some good or action. One of the most intriguing phenomena in auction behavior is the winner...

Cross-cultural support for a link between analytic thinking and disbelief in God: Evidence from India and the United Kingdom

A substantial body of evidence suggests that favoring reason over intuition (employing an analytic cognitive style) is associated with reduced belief in God. In the current work, we address outstanding issues in this lit...

Predicting soccer matches: A reassessment of the benefit of unconscious thinking

We evaluate Dijksterhuis, Bos, van der Leij, & van Baaren (2009), Psychological Science, on the benefit of unconscious thinking in predicting the outcomes of soccer matches. We conclude that the evidence that unconscious...

Possession, feelings of ownership and the endowment effect

Research in judgment and decision making generally ignores the distinction between factual and subjective feelings of ownership, tacitly assuming that the two correspond closely. The present research suggests that this a...

Myopic loss aversion: Potential causes of replication failures

This paper presents two studies on narrow bracketing and myopic loss aversion. The first study shows that the tendency to segregate multiple gambles is eliminated if subjects face a certainty equivalent or a probability...

Download PDF file
  • EP ID EP678167
  • DOI -
  • Views 142
  • Downloads 0

How To Cite

Thomas Schultze, Anne-Fernandine Rakotoarisoa and Stefan Schulz-Hardt (2015). Effects of distance between initial estimates and advice on advice utilization. Judgment and Decision Making, 10(2), -. https://europub.co.uk/articles/-A-678167