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Article: Are auditors' judgments sufficiently regressive?

TitleAre auditors' judgments sufficiently regressive?
Authors
Issue Date1981
Citation
Journal Of Accounting Research, 1981, v. 19 n. 2, p. 323-349 How to Cite?
AbstractThe primary purpose of this paper is to test for the use of the representativeness heuristic by auditors in situations in which its use will lead to judgments that systematically depart from the Bayesian optimal responses. No explicit representation of payoffs was made, nor were subjects typically asked to choose a course of action. Thus it cannot be concluded that use of the representativeness heuristic in the experimental situations tested is not cost effective. To the extent, however, that one is willing to assume that action choices are sensitive to judgments of outcome probabilities, and these action choices have differential expected payoffs, a finding of extensive heuristic use by auditors would suggest further research to assess the economic consequences of such use.
Persistent Identifierhttp://hdl.handle.net/10722/128994
ISSN
2015 Impact Factor: 2.243
2015 SCImago Journal Rankings: 5.733
SSRN
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorJoyce, EJen_US
dc.contributor.authorBiddle, GCen_US
dc.date.accessioned2010-12-09T03:05:30Z-
dc.date.available2010-12-09T03:05:30Z-
dc.date.issued1981en_US
dc.identifier.citationJournal Of Accounting Research, 1981, v. 19 n. 2, p. 323-349en_US
dc.identifier.issn0021-8456en_US
dc.identifier.urihttp://hdl.handle.net/10722/128994-
dc.description.abstractThe primary purpose of this paper is to test for the use of the representativeness heuristic by auditors in situations in which its use will lead to judgments that systematically depart from the Bayesian optimal responses. No explicit representation of payoffs was made, nor were subjects typically asked to choose a course of action. Thus it cannot be concluded that use of the representativeness heuristic in the experimental situations tested is not cost effective. To the extent, however, that one is willing to assume that action choices are sensitive to judgments of outcome probabilities, and these action choices have differential expected payoffs, a finding of extensive heuristic use by auditors would suggest further research to assess the economic consequences of such use.-
dc.languageengen_US
dc.relation.ispartofJournal Of Accounting Researchen_US
dc.titleAre auditors' judgments sufficiently regressive?en_US
dc.typeArticleen_US
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0021-8456&volume=19&spage=323&epage=&date=1981&atitle=ARE+AUDITORS+JUDGMENTS+SUFFICIENTLY+REGRESSIVEen_US
dc.identifier.emailBiddle, GC:biddle@hku.hken_US
dc.identifier.authorityBiddle, GC=rp00230en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.relation.referenceshttp://apps.isiknowledge.com/CitedRefList.do?product=WOS&search_mode=CitedRefList&db_id=WOS&UT=A1981MY45800004en_US
dc.identifier.volume19en_US
dc.identifier.issue2en_US
dc.identifier.spage323en_US
dc.identifier.epage349en_US
dc.identifier.isiWOS:A1981MY45800004en_US
dc.identifier.ssrn1677330-

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