The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Judgemental adjustment of initial forecasts: Its effectiveness and biases
Abstract
Managers are often required to integrate their own forecasts with statistical forecasts. The studies reported in this paper examine the efficacy of allowing people to adjust their own forecasts in the light of statistical forecasts that are provided to them. Three experimental studies varied the reliability of the statistical forecasts and examined the performance of people over time. Issues of the form of the feedback and the use of decision support were also examined. The results unequivocally suggest that the effectiveness of judgemental adjustment depended on the statistical model's reliability and seasonally of time series. However, people had considerable difficulty placing less weight on their own forecasts (compared to the statistical forecasts) and this behaviour became more pronounced over time. Even provision of decision support did not improve performance at the task.
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Green, B., & Chen, Y. (2019) · Proceedings of the ACM on Human-Computer Interaction · doi:10.1145/3359152 · Cited by 392
Disparate Interactions: An Algorithm-in-the-Loop Analysis of Fairness in Risk Assessments
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A Case for Humans-in-the-Loop: Decisions in the Presence of Erroneous Algorithmic Scores
De-Arteaga, M., Fogliato, R., & Chouldechova, A. (2020) · Proceedings of the 2020 CHI Conference on Human Factors in Computing Systems · doi:10.1145/3313831.3376638 · Cited by 221
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Do ‘big losses’ in judgmental adjustments to statistical forecasts affect experts’ behaviour?
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Zonca, J., Folsø, A., & Sciutti, A. (2023) · International Journal of Social Robotics · doi:10.1007/s12369-022-00959-x · Cited by 18
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Metadata
- Authors
- Lim, J. S., & O'Connor, M.
- Venue
- Journal of Behavioral Decision Making
- Publisher
- Wiley
- Published
- 1995-09
- Volume
- 8
- Issue
- 3
- Pages
- 149-168
- ISSN
- 0894-3257 (ISSN-L)
- 1099-0771
- OpenAlex
- W2109141422
- Cited by
- 171
- References
- 4
- FWCI
- 2.03
- Type
- journal article
- Language
- en
- Open access
- closed
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