EconPapers    
Economics at your fingertips  
 

Predicting Known Terrorist Event Outcomes and the Illusion of Self‐Assessed Expertise

James L. Regens, Nick Mould and Clay Foster

Social Science Quarterly, 2019, vol. 100, issue 3, 965-974

Abstract: Objective This study focuses on the influence of self‐assessed expertise on forecasting accuracy for incomplete information. We investigate this ability in individuals using a series of indicators of terrorist behaviors. Method An instrument containing incomplete data on terrorist attacks was provided to participants. Participants were instructed to predict missing values. The accuracy of approximately 1,900 forecasts was determined. The influence of self‐identified statistical ability, terrorism familiarity, and an empirical measure of pattern recognition ability on accuracy was investigated. Results The results of the experiment indicate that neither self‐assessed statistical ability nor terrorism familiarity have a significant influence on forecast accuracy. Interestingly, the empirical estimate of pattern recognition ability also had no appreciable effect on accuracy. Conclusion This study indicates that statistical ability and terrorism familiarity have little effect on forecast accuracy. Innate pattern recognition ability also showed no significant relationship with accuracy. These findings suggest that self‐identified expertise should initially be viewed with some level of skepticism.

Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/ssqu.12601

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:socsci:v:100:y:2019:i:3:p:965-974

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0038-4941

Access Statistics for this article

Social Science Quarterly is currently edited by Robert L. Lineberry

More articles in Social Science Quarterly from Southwestern Social Science Association
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2025-03-19
Handle: RePEc:bla:socsci:v:100:y:2019:i:3:p:965-974