Considers that intuitive predictions follow a judgmental heuristic-representativeness. By this heuristic, people predict the outcome that appears most representative of the evidence. Consequently, intuitive predictions are insensitive to the reliability of the evidence or to the prior probability of the outcome, in violation of the logic of statistical prediction. The hypothesis that people predict by representativeness was supported in a series of studies with both naive and sophisticated university students. The ranking of outcomes by likelihood coincided with the ranking by (...) representativeness, and Ss erroneously predicted rare events and extreme values if these happened to be representative. The experience of unjustified confidence in predictions and the prevalence of fallacious intuitions concerning statistical regression are traced to the representativeness heuristic. (shrink)

In two experiments, we investigated the relationship between confidence and accuracy in syllogistic reasoning. Participants judged the validity of conclusions and provided confidence ratings twice for each problem: once quickly and again after further deliberation. Correlations between confidence and accuracy were small or nonexistent. In addition, confidence and accuracy were mediated by different variables. Confidence judgments appeared to reflect external cues, so that confidence was greater when the participants were allowed additional time to think about the problem, as well as (...) when the conclusion was either believable or unbelievable, rather than neutral. In contrast, accuracy changed little as a function of the amount of time available and did not differ for believable and neutral problems. These data support a model in which initial decisions are made quickly, on the basis of heuristic cues, and analytic processes are used to justify or rationalize the earlier decision. (shrink)