8-H: Second Guess Yourself, But Do It Right: When Does Making a Second Estimate Improve Quantitative Judgments?

Celia Gaertig, University of Pennsylvania, USA
Joseph Simmons, University of Pennsylvania, USA
When does averaging multiple estimates from the same person improve quantitative judgment? We find that averaging participants’ first and second estimate is less helpful when they are first asked to consider whether their first answer was too high or too low.
[ to cite ]:
Celia Gaertig and Joseph Simmons (2017) ,"8-H: Second Guess Yourself, But Do It Right: When Does Making a Second Estimate Improve Quantitative Judgments?", in NA - Advances in Consumer Research Volume 45, eds. Ayelet Gneezy, Vladas Griskevicius, and Patti Williams, Duluth, MN : Association for Consumer Research, Pages: 1027-1027.