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Judgment and Decision Making by Baruch Fischhoff

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7

KNOWING WITH CERTAINTY

The appropriateness of extreme confidence

Baruch Fischhoff, Paul Slovic and Sarah Lichtenstein

DECISION RESEARCH, A BRANCH OF PERCEPTRONICS EUGENE, OREGON

Abstract

How often are people wrong when they are certain that they know the answer to a question? The studies reported here suggest that the answer is “too often.” For a variety of general-knowledge questions (e.g., absinthe is [a] a liqueur or [b] a precious stone), subjects first chose the most likely answer and then indicated their degree of certainty that the answer they had selected was, in fact, correct. Across several different question and response formats, subjects were consistently overconfident. They had sufficient faith in their confidence judgments to ...

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