What question did this study set out to answer?

This research aims to explore how information affects decision-makers' (DM) behavior and the predictive ability of different information alternatives.

March 18, 2026The Accounting Review

The Use of Simulated Decision Makers in Information Evaluation.

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Authors

RLRobert LibbyCornell University

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Implication

Field experiment evaluates information relevance and decision-maker behavior using predictive models, suggesting improved decision-making processes.

Key Points

This research aims to explore how information affects decision-makers' (DM) behavior and the predictive ability of different information alternatives.
Developed an information relevance criterion integrating DM's interpretation and utilization of information.
Conducted a field experiment to test a specific model for predicting two-group classification decisions.
Applied Brunswik's Lens Model to analyze the relationship between predictive ability and information use.
Established the relevance criterion called prediction achievement for evaluating information effectiveness.
Demonstrated that different information alternatives can significantly impact DM behavior.
Confirmed three necessary conditions for effective model use in predicting decision outcomes.

Cite This Study

Robert Libby (1975) studied this question.

synapsesocial.com/papers/69ba43e94e9516ffd37a58e4 https://doi.org/10.2308/tar-4512316

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Implication

Field experiment evaluates information relevance and decision-maker behavior using predictive models, suggesting improved decision-making processes.

The Use of Simulated Decision Makers in Information Evaluation.

Discussion

Member takes

Implication

Key Points

Cite This Study

The Use of Simulated Decision Makers in Information Evaluation.

Discussion

Member takes

Implication

Key Points

Cite This Study

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