Decision Sciences Journal
Volume 29, Number 2
Spring 1998
The Consequences of Role-conferred Bias and Base-rate Neglect
Kenneth H. Doerr
School of Business, University of Miami, Coral Gables, FL 33124,
email: kdoerr@exchange.sba.miami.edu
Terence R. Mitchell
School of Business, University of Washington, Seattle, WA 98195,
email: trm@u.washington.edu
Abstract: This study examines the effect of training
to reduce biases and heuristics on the consequence of judgments.
We demonstrate that untrained subjects judgments may systematically
yield better consequences than judgments of subjects trained
to reduce biases and heuristics. This result implies that educators
should use caution when interpreting the findings of biases and
heuristics research. In establishing the existence of situations
in which biases and heuristics produce better consequences than
an unbiased, or normative procedure, we open the larger question
of the need for an elaboration of the prescriptive uses of the
normative procedures.
Subject Areas: Bias, Heuristics, Information Use, and
Judgment Analysis. |