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Debiasing egocentrism and optimism biases in repeated competitions

Published online by Cambridge University Press:  01 January 2023

Jason P. Rose*
Affiliation:
Department of Psychology, University of Toledo, Mail Stop #948, 2801 Bancroft St., Toledo, OH 43606–3390
Paul D. Windschitl
Affiliation:
University of Iowa
Andrew R. Smith
Affiliation:
Appalachian State University
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Abstract

When judging their likelihood of success in competitive tasks, people tend to be overoptimistic for easy tasks and overpessimistic for hard tasks (the shared circumstance effect; SCE). Previous research has shown that feedback and experience from repeated-play competitions has a limited impact on SCEs. However, in this paper, we suggest that competitive situations, in which the shared difficulty or easiness of the task is more transparent, will be more amenable to debiasing via repeated play. Pairs of participants competed in, made predictions about, and received feedback on, multiple rounds of a throwing task involving both easy- and hard-to-aim objects. Participants initially showed robust SCEs, but they also showed a significant reduction in bias after only one round of feedback. These and other results support a more positive view (than suggested from past research) on the potential for SCEs to be debiased through outcome feedback.

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Type
Research Article
Creative Commons
Creative Common License - CCCreative Common License - BY
The authors license this article under the terms of the Creative Commons Attribution 3.0 License.
Copyright
Copyright © The Authors [2012] This is an Open Access article, distributed under the terms of the Creative Commons Attribution license (http://creativecommons.org/licenses/by/3.0/), which permits unrestricted re-use, distribution, and reproduction in any medium, provided the original work is properly cited.
Figure 0

Table 1: Point totals as a function of object difficulty and round.

Figure 1

Table 2: Mean likelihood and absolute score estimates by difficulty and round.

Figure 2

Figure 1: Mean likelihood estimates as a function of difficulty and round.

Figure 3

Table 3: Results for regression analyses with likelihood estimates as the criterion and score estimates as predictors.

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