Article: Uncertainty assessment accuracy and resource allocation outcomes: an empirical test of a presumed relation.

UNCERTAINTY IS AN INHERENT CHARACTERISTIC of human judgment, and the amount of uncertainty associated with judgment often has a considerable, albeit implicit, influence on the course of our actions. For this reason, many researchers in the decision-making area have examined the extent to which people can, over a series of judgments, provide accurate numerical assessments of the uncertainty surrounding their judgments (for reviews, see Lichtenstein, Fischhoff, & Phillips, 1982; Yates, 1990). Numerous prediction (Dunning, Griffin, Milojkovic, & Ross, 1990; Fischhoff & MacGregor, 1982; Wright & Ayton, 1986, 1989) and knowledge (Fischhoff, Slovic, & Lichtenstein, 1977; Paese & ...

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