2009
DOI: 10.1024/1421-0185.68.2.99
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A Meta-Analysis of Judgment Achievement as Defined by the Lens Model Equation

Abstract: This research determined the extent of judgment achievement (i.e., accuracy) across different decision-making domains (e.g., medicine, business, education, psychology). Judgment achievement was examined in terms of the lens model equation ( Tucker, 1964 ). A meta-analysis of 29 studies incorporating 1,032 people across 43 judgment tasks was performed. Overall judgment achievement across different tasks was found to be moderate (r = .42), ranging from .22 for studies in the area of psychology to .58 for those i… Show more

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Cited by 25 publications
(30 citation statements)
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“…The results of the more recent analysis by Karelaia and Hogarth [ 8 ] were in line with Camerer [ 6 ], although the authors pointed out the high heterogeneity of the success of bootstrapping across tasks and highlighted the need to identify the task and judge characteristics that favor bootstrapping. Previous reviews on lens model indices indicated wide heterogeneity (see [ 20 ]) and implied domain differences in lens model statistics (see [ 21 , 11 ]), suggesting that judgment achievement is different in different decision domains (e.g., medicine, business, education, psychology) and in turn implying that the success of bootstrapping models is also domain-dependent. Indeed, these preliminary results suggesting that the success of bootstrapping was domain-dependent highlight the need for more detailed analysis.…”
Section: Introductionmentioning
confidence: 99%
“…The results of the more recent analysis by Karelaia and Hogarth [ 8 ] were in line with Camerer [ 6 ], although the authors pointed out the high heterogeneity of the success of bootstrapping across tasks and highlighted the need to identify the task and judge characteristics that favor bootstrapping. Previous reviews on lens model indices indicated wide heterogeneity (see [ 20 ]) and implied domain differences in lens model statistics (see [ 21 , 11 ]), suggesting that judgment achievement is different in different decision domains (e.g., medicine, business, education, psychology) and in turn implying that the success of bootstrapping models is also domain-dependent. Indeed, these preliminary results suggesting that the success of bootstrapping was domain-dependent highlight the need for more detailed analysis.…”
Section: Introductionmentioning
confidence: 99%
“…It is important to note that, on completing our analysis, we became aware of another recent meta-analysis of lens model studies conducted byKaufmann and Athanasou (2007). The scope of their work, however, is more limited than ours and their criteria for including studies in the analysis are different.…”
mentioning
confidence: 97%
“…We do not deal in detail with the multiple regression analysis-based applications of the Lens Model in social judgment theory (Gifford 1994;Hertwig and Bond 2011;Karelaia and Hogarth 2008;Kaufmann and Athanasou 2009), interpersonal conflict (Dhami and Olsson 2008), or other fields, although the regression model is included as an example in the evaluation section (Fig. 10).…”
Section: The Lens Model Figurementioning
confidence: 99%