logo en full

Research

Consumers make decisions related to investing money, taking bank loans or buying insurance policies. They often consult their choices with financial experts. In the present project we carry out experiments showing how consumers estimate authority of those experts and which cognitive biases they commit in the estimation proces.

 

RESEARCH PROJECT

The Expertise Bias:

 its psychological mechanisms, sources and consequences on the example of epistemic authority ascribed to economic experts

 

 

Research Unit
UNI SWPS english
Grant Amount
350 740 PLN
Funding Source
NCN logo poziom en2

Duration of Research Project: 2013–2017


Consumers make decisions related to investing money, taking bank loans or buying insurance policies. They often consult their choices with financial experts. In the present project we carry out experiments showing how consumers estimate authority of those experts and which cognitive biases they commit in the estimation proces.

Research objectives

The main goal of the present project will be to study how lay people perceive and evaluate epistemic authority (denoting a source of information which has a determinative influence on the acquisition of knowledge) in the field of economic expertise. In our research we also introduce and empirically test the term “expertise bias”. It is defined as a systematic inclination to treat the opinion of a certain source of expertise as incontrovertible and trustworthy, and to use it as a basis for making own judgments and decisions, independently of the factual level of such expertise, but relying on superficial premises. As mentioned, we would study this bias in the field of economic expertise, because to our good knowledge no research in economic or cognitive psychology examined how lay people ascribe epistemic authority to experts in this field.

Other more specific goals (research questions) that are associated with particular research tasks are following:

  • To what degree biases that were found in studies on perceiving epistemic authority in medicine (Barnoy, Ofra, & Bar- Tal, 2012; Barnoy, Levy, & Bar- Tal, 2009; Bar-Tal, Stasiuk, & Maksymiuk, in press), such as trusting in active and broader advice more than in a narrower and passive advice, are also present in people’s evaluation of epistemic authority in economics?
  • How different features of recommendations given by financial experts (e.g., the type or riskiness of action that is advised to be taken) influence the perception of epistemic authority and the processing of knowledge?
  • How processing of knowledge acquired from experts depends on the so-called self-epistemic authority, i.e., perceived own knowledge in a certain field?
  • How the strength of the need for cognitive closure (Kruglanski, 2004) and individual propensity to take economic risks affect processing knowledge acquired from experts and evaluating epistemic authority in the field of economics?
  • What is the interdependence between the perception of economic epistemic authority and making financial choices in different areas (e.g., making financial transactions, buying insurance policies, taking bank loans)?

Researchers

258 Tomasz Zaleskiewicz

Professor

Tomasz Zaleśkiewicz

Principal Investigator
Social Psychologist, SWPS University,
research interests include economic behaviors and making financial decisions
tzaleskiewicz@swps.edu.pl

Main partners:

  • Professor Yoram Bar-Tal, Tel Aviv University
  • Associate Professor Agata Gąsiorowska, SWPS University
  • Katarzyna Stasiuk, Ph.D., Maria Curie-Skłodowska University (MCSU) in Lublin
  • Renata Maksymiuk, Ph.D., Maria Curie-Skłodowska University (MCSU) in Lublin

Search the database of Resaearch Project

Faculty
Funding Source
Discipline
Principal Investigator

Research Projects

Research Projects 01-09-2016

Future is Uncertain

Imagine a world where everything you have planned, would happen for certain. Moreover, if all the future events were positive, it would be a perfect world. Unfortunately in real life...

Read more

Research Projects 08-08-2016

Attitudinal Influences on Moral Judgments

Moral judgments and impressions are tremendously important. In extreme situations they can decide about life or death, for example convicted murderers perceived as untrustworthy (based on their appearance) are more...

Read more

Research Projects 21-07-2016

A History of Rwanda

Most people have heard about the Rwanda genocide. However, Rwanda’s history as a country goes back to the 19th century. Prior to Belgian colonisation, the current territory of Rwanda had...

Read more

Research Projects 09-06-2016

Peer Groups and Migration

The school-to-work transition is not a one-time event in the lives of young people. Rather, it is a phase that may last a few years and may include several career...

Read more

Research Projects 11-05-2016

Law on Higher Education 2.0 - Guidelines for Higher Education System i…

The team of lawyers from SWPS University, under the leadership of Professor Hubert Izdebski, will take an active role in preparing the guidelines for the new Law on Higher Education...

Read more

Research Projects 09-05-2016

The influence of psychological knowledge on the decision-making proces…

Witness testimony is a crucial element of the criminal justice system. However, memory is often false and perception distorted. Yet the testimony based on such imperfect data may change a...

Read more

Research Projects 09-09-2015

DESMOPSI System

Nowadays, the understanding of the need for psychological therapy in difficult or traumatic situations and the social acceptance of psychological intervention is growing. At the same time, in Poland alone...

Read more

Research Projects 21-08-2015

DATABASE OF EMOTIONAL MOVIES and its Application in Temperamental Stud…

An attempt to understand emotional responses and a nature of determined temperament dates back to the Ancient Greece. Modern science applies many research methods for studies of emotional behaviors, including...

Read more

Research Projects 21-08-2015

Cognitive and motivational determinants of sympathetic magic in close …

Does separation with a loved-one change the way we perceive mementos (e.g. souvenirs, clothes, and photographs) associated with the relationship? The research project conducted by psychologists from the Sopot Campus...

Read more

Research Projects 13-08-2015

Turning depressed mood into a joke - is it beneficial?

The application of emotion regulation skills in prevention of depression has been attempted repeatedly, without much success so far. Researchers from SWPS University will investigate the effects of humor, one...

Read more

Research Projects 17-02-2015

In Charge or in Control?

Having power over others or being subjected to power exercised by others is almost an everyday experience for large segments of the society. Therefore, power relationships have broad social consequences...

Read more

Research Projects 09-12-2014

Political Knowledge in Poland

The aim of the project is to investigate political knowledge in Poland, and its importance for the Polish political system. We want to check how knowledgeable/ignorant Poles are about politics...

Read more

Research Projects 09-12-2014

Plato's Conception of Justice from the Perspective of the Contemporary…

The project, though about Plato, relates to one of the fundamental problems of contemporary civilisation: are human rights, which are based in human dignity, truly universal in space and time?...

Read more

Research Projects 15-05-2014

Trajectories of Coping with Illness

The stress of coping with a serious or chronic illness impacts not only the patient, but also their family. The family worries about their loved one and must juggle their...

Read more

Research Projects 28-03-2014

Seeing is believing? Suggestion and misinformation in the video transm…

The objective of the project is to study how video images and messages are perceived and assessed by viewers. During the project, the researchers will study the reactions of viewers...

Read more

Research Projects 07-01-2014

E-COMPARED European Comparative Effectiveness Research on Internet-bas…

In 2010, 30 million Europeans were affected by depression and the number continues to grow. Half of the depression sufferers requiring mental care lack access to care services. Moreover, they...

Read more

Research Projects 09-09-2013

Social distortion mechanisms in comparative judgments. Alternative exp…

Social distortions in comparative judgments may lead to the categorization of people and divisions and thus to depreciation of their values. The research project relates to the phenomenon known as...

Read more

Research Projects 09-09-2013

The role of cognitive limitations in predecisional information process…

The project focuses on the impact of cognitive limitations on decision making. This impact is obvious in everyday decision-making, which we often do under time pressure or stress. The current...

Read more

Research Projects 09-09-2013

The Expertise Bias: its psychological mechanisms, sources and conseque…

Consumers make decisions related to investing money, taking bank loans or buying insurance policies. They often consult their choices with financial experts. In the present project we carry out experiments...

Read more

Research Projects 11-03-2013

To train or to play? A comparison of traditional and gamified training…

The aim of the project is to better understand the processes undergoing during a traditional cognitive training and to compare them with analogous processes happening during a modern method of...

Read more

Research Projects 19-10-2012

Attentional bias modification and depressive disorders

It is estimated that almost 10 percent of general population suffers from depression, but not everyone has access to effective treatments. Nowadays, depression is treated primarily with pharmacotherapy and psychotherapy...

Read more

Research Projects 21-08-2012

Psychological and Biological sources of risk aversion

Are men bigger risk takers than women? The research project, led by Szymon Wichary, Ph.D., provides data on personal differences and their impact risk taking and risk aversion. Combining data...

Read more

Research Projects 01-12-2011

A typology of the relations between non-governmental organizations in …

A close working relationship between NGOs, including knowledge and best practice sharing as well as common planning and project development, supports the growth of the third sector in economy. A...

Read more