Journal article
Recency effects in belief revision: The impact of audit experience and the review process
Auditing : a journal of practice and theory, Vol.13(1), pp.57-72
04/01/1994
Abstract
Recent behavioral studies have shown that the order in which a short series of complex, mixed evidence is evaluated can cause auditors to attach more weight to the more recently received evidence when revising beliefs. An experiment was conducted to test 2 hypotheses: 1. Recency effects in individual judgments are mitigated in an audit setting by audit experience. 2. Experience and the review process will interact in predicting recency effects when an auditor reviews a subordinate's judgment that contains a recency effect. As hypothesized, the results suggest that experience serves to mitigate the recency effect in individual judgments. However, only weak support was found for the proposal that experience and the review process interact in predicting recency when an auditor reviews a subordinate's judgment that contains a recency effect. Additional analyses show that these results are relatively robust across different statistical models and distributional assumptions.
Details
- Title: Subtitle
- Recency effects in belief revision: The impact of audit experience and the review process
- Creators
- William F Messier JrRichard M Tubbs
- Resource Type
- Journal article
- Publication Details
- Auditing : a journal of practice and theory, Vol.13(1), pp.57-72
- ISSN
- 0278-0380
- eISSN
- 1558-7991
- Publisher
- American Accounting Association
- Language
- English
- Date published
- 04/01/1994
- Academic Unit
- Accounting
- Record Identifier
- 9984963536602771
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