Purpose The purpose of this study is to illustrate the potentially detrimental effects on audit decision-making certain judgmental heuristics, which can lead systematic biases. This paper provides background heuristics and biases approaches increase auditors' awareness anchoring adjustment affecting judgments adversely. Design/methodology/approach reports results an experimental research design...

How does the public reckon which risks to be concerned about? The availability heuristic and the affect heuristic are key accounts of how laypeople judge risks. Yet, these two accounts have never been systematically tested against each other, nor have their predictive powers been examined across different measures of the public's risk perception. In two studies, we gauged risk perception in stu...

positivism is an empirical approach for understanding of human communication and phenomena, which raised firstly french famous thinker “august comte”. human and social sciences were under domination of positive thought for a long time. in criminal law inter alia italian famous thinkers sought to analyses the crime problem with a positive approach. however, some of their point of view such as bo...

BACKGROUND Past research has documented that primary care physicians and family members are often inaccurate when making substituted judgments for patients without advance directives (ADs). This study compared the accuracy of substituted judgments made by primary care physicians, hospital-based physicians, and family surrogates on behalf of elderly outpatients and examined the effectiveness of ...

This paper presents empirical evidence on how judgmental adjustments affect the accuracy of macroeconomic density forecasts. Judgment is defined as difference between professional forecasters’ densities and forecast from statistical models. Using entropic tilting, we evaluate whether judgments about mean, variance skew improve forecasts for UK output growth inflation. We find that not all help....