| Abstract: | This paper examines the effect of uncertainty and inconsistency on the judgment of human performance. The results indicate that the effect of inconsistency on judgment is not mediated by subjective uncertainty. We find that both the level and the extremity of judgment decrease with uncertainty. These effects are explained, respectively, by uncertainty aversion and by regressiveness. We also find that both the level and the extremity of judgment of human performance increase with inconsistency. These effects are explained by reliance on integration rules in which judgment is based primarily on some aspects of the information, while other aspects are, to some extent, ignored. |
