by Siu-yeung Chan. / Publication date from spine. / Thesis (Ph.D.)--Chinese University of Hong Kong, 1995. / Includes bibliographical references (leaves 254-278). / Chapter CHAPTER I --- INTRODUCTION --- p.1 / Chapter 1.1 --- Background of the Study --- p.1 / Chapter 1.2 --- Research Problems and Objectives --- p.5 / Chapter 1.3 --- Justification for the Study --- p.7 / Chapter 1.4 --- Research Model and Hypotheses --- p.9 / Chapter 1.4.1 --- Research Model --- p.9 / Chapter 1.4.2 --- Research Hypotheses --- p.10 / Chapter 1.5 --- Research Methodology --- p.12 / Chapter 1.6 --- Definitions of Key Terms --- p.14 / Chapter 1.7 --- Scope of the Study --- p.16 / Chapter 1.8 --- Organisation of the Thesis --- p.17 / Chapter CHAPTER II --- LITERATURE REVIEW ON BEHAVIOURAL DECISION THEORY --- p.19 / Chapter 2.1 --- Introduction --- p.19 / Chapter 2.2 --- Behavioural Decision Theory: Historical Development --- p.20 / Chapter 2.3 --- Bounded Rationality --- p.22 / Chapter 2.4 --- Lens Model --- p.25 / Chapter 2.5 --- Heuristics and Biases --- p.27 / Chapter 2.5.1 --- Overview --- p.27 / Chapter 2.5.2 --- Availability Heuristic --- p.28 / Chapter 2.5.3 --- Anchoring and Adjustment Heuristic --- p.29 / Chapter 2.5.4 --- Representativeness Heuristic --- p.31 / Chapter 2.5.5 --- Conjunction Fallacy --- p.32 / Chapter 2.5.6 --- Hindsight Bias --- p.34 / Chapter 2.5.7 --- Order Effects in Brief Updating --- p.35 / Chapter 2.5.7.1 --- Evidence Encoding --- p.36 / Chapter 2.5.7.2 --- Response Mode --- p.37 / Chapter 2.5.7.3 --- Adjustment Weighting --- p.38 / Chapter 2.5.7.4 --- Order Effects --- p.39 / Chapter 2.5.8 --- Framing Effect --- p.40 / Chapter 2.5.9 --- Sunk Cost Effect --- p.42 / Chapter 2.5.10 --- Confirmation Bias --- p.44 / Chapter 2.5.11 --- Accountability --- p.47 / Chapter 2.5.12 --- Base-Rate Fallacy --- p.49 / Chapter 2.5.12.1 --- Reduction of the Base-Rate Fallacy --- p.51 / Chapter 2.5.12.1.1 --- The Relevance of Base-Rate Information --- p.51 / Chapter 2.5.12.1.2 --- The Relevance of Case-Specific Evidence --- p.53 / Chapter 2.5.12.2 --- Effects of Need for Cognition on the Base-Rate Fallacy --- p.54 / Chapter 2.5.13 --- Overconfidence Effect --- p.56 / Chapter 2.5.13.1 --- Calibration and Calibration Curve --- p.58 / Chapter 2.5.13.2 --- Factors Affecting Appropriateness of Confidence --- p.60 / Chapter 2.5.13.2.1 --- Task Factors --- p.60 / Chapter 2.5.13.2.2 --- Environmental Factors --- p.61 / Chapter 2.5.13.2.3 --- Individual Difference Factors --- p.63 / Chapter 2.5.13.3 --- Methods Promoting Appropriate Confidence --- p.64 / Chapter 2.5.13.4 --- Appropriateness of Experts' Confidence --- p.67 / Chapter 2.5.13.5 --- Conceptual and Methodological Issues --- p.68 / Chapter 2.6 --- Contingent Decision Behaviour --- p.72 / Chapter 2.6.1 --- Overview --- p.72 / Chapter 2.6.2 --- Factors Influencing Contingent Decision Behaviour --- p.73 / Chapter 2.6.3 --- Effects of Task Variables on Selecting Decision Strategies --- p.74 / Chapter 2.6.3.1 --- Task Complexity --- p.74 / Chapter 2.6.3.2 --- Response Mode --- p.77 / Chapter 2.6.3.3 --- Information Display Mode --- p.77 / Chapter 2.6.3.4 --- Agenda Effect --- p.78 / Chapter 2.6.4 --- Effects of Context Variables on Selecting Decision Strategies --- p.78 / Chapter 2.6.5 --- Effects of Effort and Accuracy on Selecting Decision Strategies --- p.79 / Chapter 2.7 --- Integrated Framework for Behavioural Decision Theory --- p.81 / Chapter 2.7.1 --- Principle of Bounded Rationality and the Three Research Frameworks --- p.82 / Chapter 2.7.2 --- Lens Model and Heuristics-and-Biases Frameworks --- p.83 / Chapter 2.7.3 --- Lens Model and Contingent Decision Behaviour Frameworks --- p.84 / Chapter 2.7.4 --- Heuristics-and-Biases and Contingent Decision Behaviour Frameworks --- p.85 / Chapter 2.8 --- Chapter Summary --- p.85 / Chapter CHAPTER III --- LITERATURE REVIEW ON BEHAVIOURAL DECISION RESEARCH IN ACCOUNTING --- p.88 / Chapter 3.1 --- Introduction --- p.88 / Chapter 3.2 --- Overview of BDR in Accounting and the Major Determinants of Decision-Making Performance --- p.89 / Chapter 3.3 --- Heuristics and Biases --- p.93 / Chapter 3.3.1 --- Overview --- p.93 / Chapter 3.3.2 --- Availability Heuristic --- p.94 / Chapter 3.3.3 --- Anchoring and Adjustment Heuristic --- p.96 / Chapter 3.3.4 --- Order Effects in Belief Updating --- p.99 / Chapter 3.3.4.1 --- Overview --- p.99 / Chapter 3.3.4.2 --- Model Predictions --- p.100 / Chapter 3.3.4.3 --- Order Effects On Effectiveness --- p.102 / Chapter 3.3.4.4 --- Factors Affecting the Order Effects --- p.103 / Chapter 3.3.4.5 --- Summary of Accounting Research on the Order Effects in Belief Updating --- p.105 / Chapter 3.3.5 --- Conjunction Fallacy --- p.106 / Chapter 3.3.6 --- Framing Effect --- p.107 / Chapter 3.3.7 --- Confirmation Bias --- p.110 / Chapter 3.3.8 --- Hindsight Bias --- p.113 / Chapter 3.3.9 --- Accountability --- p.116 / Chapter 3.3.10 --- Base-Rate Fallacy --- p.118 / Chapter 3.3.10.1 --- Overview --- p.118 / Chapter 3.3.10.2 --- Attention to Base Rates --- p.119 / Chapter 3.3.10.3 --- Attention to Source Reliability --- p.123 / Chapter 3.3.10.4 --- Insensitivity to Sample Size --- p.127 / Chapter 3.3.10.5 --- Summary for Accounting Research on the Base-Rate Fallacy --- p.129 / Chapter 3.3.11 --- Overconfidence Effect --- p.129 / Chapter 3.3.11.1 --- Appropriateness of Auditors' Confidence --- p.130 / Chapter 3.3.11.2 --- Factors Affecting the Appropriateness of Auditors' Confidence --- p.131 / Chapter 3.4 --- Behavioural Decision Research in Financial Distress Prediction --- p.136 / Chapter 3.4.1 --- Overview --- p.136 / Chapter 3.4.2 --- Prediction Performance --- p.137 / Chapter 3.4.2.1 --- Prediction Accuracy --- p.137 / Chapter 3.4.2.2 --- Appropriateness of Confidence --- p.138 / Chapter 3.4.3 --- Factors Affecting Prediction Performance --- p.139 / Chapter 3.4.3.1 --- Overview --- p.139 / Chapter 3.4.3.2 --- Information Load --- p.139 / Chapter 3.4.3.3 --- Information Cue Choice Versus Weighing of Cues --- p.140 / Chapter 3.4.3.4 --- Base-Rate Information --- p.141 / Chapter 3.4.3.5 --- Task Predictability --- p.144 / Chapter 3.4.3.6 --- Reward Structure --- p.145 / Chapter 3.4.3.7 --- Individual Differences --- p.145 / Chapter 3.4.4 --- Group Judgment Accuracy --- p.146 / Chapter 3.4.5 --- Section Summary --- p.147 / Chapter 3.5 --- Motivation for the Current Study --- p.149 / Chapter 3.5.1 --- Research Opportunity 1 --- p.149 / Chapter 3.5.2 --- Research Opportunity 2 --- p.150 / Chapter 3.5.3 --- Research Opportunity 3 --- p.152 / Chapter 3.5.4 --- Research Opportunity 4 --- p.153 / Chapter 3.6 --- Chapter Summary --- p.154 / Chapter CHAPTER IV --- RESEARCH MODEL AND HYPOTHESES --- p.156 / Chapter 4.1 --- Introduction --- p.156 / Chapter 4.2 --- Research Model --- p.156 / Chapter 4.3 --- Research Hypotheses --- p.158 / Chapter 4.3.1 --- Hypothesis 1 --- p.158 / Chapter 4.3.2 --- Hypothesis 2 --- p.160 / Chapter 4.3.3 --- Hypothesis 3 --- p.163 / Chapter 4.3.4 --- Hypothesis 4 --- p.166 / Chapter 4.3.5 --- Hypothesis 5 --- p.168 / Chapter 4.4 --- Chapter Summary --- p.172 / Chapter CHAPTER V --- RESEARCH METHOD AND DESIGN --- p.173 / Chapter 5.1 --- Introduction --- p.173 / Chapter 5.2 --- Research Method --- p.173 / Chapter 5.3 --- Experimental Design --- p.175 / Chapter 5.4 --- Subjects --- p.177 / Chapter 5.5 --- Construction of the Experiment Instrument --- p.179 / Chapter 5.5.1 --- Selection of Sample Firms for Prediction Tasks --- p.180 / Chapter 5.5.1.1 --- Definition of Firms being in Financial Distress --- p.180 / Chapter 5.5.1.2 --- Identification of Firms in Financial Distress --- p.182 / Chapter 5.5.1.3 --- Selection of Healthy Firms --- p.182 / Chapter 5.5.1.4 --- Sample Firms in the Instrument --- p.183 / Chapter 5.5.2 --- Selection of Financial Ratios --- p.184 / Chapter 5.5.2.1 --- Logit Analysis --- p.185 / Chapter 5.5.2.2 --- Pilot Interviews --- p.187 / Chapter 5.5.2.3 --- Final Financial Ratios Used in the Instrument --- p.188 / Chapter 5.5.3 --- Modification of the Need for Cognition Scale --- p.189 / Chapter 5.5.4 --- Translation of the Experiment Instrument --- p.191 / Chapter 5.5.5 --- Pretest of the Experiment Instrument --- p.191 / Chapter 5.6 --- Administration of Experiment --- p.192 / Chapter 5.7 --- Operationalisation and Measurement of Variables --- p.193 / Chapter 5.7.1 --- Relevance of Base-Rate Information --- p.193 / Chapter 5.7.2 --- Need For Cognition --- p.195 / Chapter 5.7.3 --- Perceived Informativeness of Case-Specific Evidence --- p.197 / Chapter 5.7.4 --- Appropriateness of Confidence --- p.199 / Chapter 5.8 --- Data Analysis Methods --- p.201 / Chapter 5.9 --- Chapter Summary --- p.203 / Chapter CHAPTER VI --- ANALYSIS OF DATA --- p.205 / Chapter 6.1 --- Introduction --- p.205 / Chapter 6.2 --- Descriptive Data about the Subjects --- p.205 / Chapter 6.3 --- Stepwise Logit Analysis --- p.207 / Chapter 6.4 --- Statistical Testing for Hypotheses --- p.210 / Chapter 6.4.1 --- Testing Hypothesis 1 --- p.211 / Chapter 6.4.2 --- Unbalanced ANOVA Model --- p.212 / Chapter 6.4.3 --- Testing the Base Rate Pre-occupied by the Subjects --- p.215 / Chapter 6.4.4 --- Testing Hypothesis 2 --- p.217 / Chapter 6.4.5 --- Testing Hypothesis 3 --- p.218 / Chapter 6.4.6 --- Testing Hypothesis 4 --- p.220 / Chapter 6.4.7 --- Testing Hypothesis 5 --- p.222 / Chapter 6.5 --- Supplementary Statistical Testing of Hypotheses --- p.224 / Chapter 6.5.1 --- Separate Models for Hypotheses 2 to 5 --- p.224 / Chapter 6.5.2 --- Effects of Other Interactions --- p.224 / Chapter 6.5.3 --- Analysing NC As a Continuous Variable --- p.225 / Chapter 6.5.4 --- Repeated Measures ANOVA --- p.226 / Chapter 6.5.5 --- Additional Analysis ´ؤ Controlling for Task Predictability --- p.228 / Chapter 6.6 --- Chapter Summary --- p.232 / Chapter CHAPTER VII --- "SUMMARY, DISCUSSIONS AND IMPLICATIONS" --- p.234 / Chapter 7.1 --- Recap of the Study --- p.234 / Chapter 7.2 --- Conclusions and Discussions --- p.237 / Chapter 7.2.1 --- Hypothesis 1 --- p.237 / Chapter 7.2.2 --- Hypothesis 2 --- p.239 / Chapter 7.2.3 --- Hypothesis 3 --- p.241 / Chapter 7.2.4 --- Hypothesis 4 --- p.243 / Chapter 7.2.5 --- Hypothesis 5 --- p.244 / Chapter 7.2.6 --- Overall Conclusions --- p.246 / Chapter 7.3 --- Implications for Theory --- p.246 / Chapter 7.4 --- Implications for Practice --- p.248 / Chapter 7.5 --- Limitations of the Study --- p.249 / Chapter 7.6 --- Recommendations for Further Research --- p.252 / REFERENCES --- p.254 / APPENDIX A: EXPERIMENT INSTRUMENT (IN ENGLISH) --- p.279 / APPENDIX B: EXPERIMENT INSTRUMENT (IN CHINESE) --- p.306 / APPENDIX C: STEPWISE LOGIT ANALYSIS RESULTS --- p.333
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_321627 |
| Date | January 1996 |
| Contributors | Chan, Siu-yeung., Chinese University of Hong Kong Graduate School. Division of Business Administration. |
| Publisher | Chinese University of Hong Kong |
| Source Sets | The Chinese University of Hong Kong |
| Language | English |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, xi, 340 leaves : ill. ; 30 cm. |
| Rights | Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/) |
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