Decision making can be improved through observational learning
Volume: 162, Pages: 155 - 188
Published: Jan 1, 2021
Abstract
Observational learning can debias judgment and decision making. One-shot observational learning-based training interventions (akin to “hot seating”) can produce reductions in cognitive biases in the laboratory (i.e., anchoring, representativeness, and social projection), and successfully teach a decision rule that increases advice taking in a weight on advice paradigm (i.e., the averaging principle). These interventions improve judgment, rule...
Paper Details
Title
Decision making can be improved through observational learning
Published Date
Jan 1, 2021
Volume
162
Pages
155 - 188
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