The Moderator Role of Risk Attitude in the Effect of Thinking Styles on Overconfidence Bias Cover Image

Düşünme Stillerinin Aşırı Öz Güven Yanlılığı Üzerindeki Etkisinde Risk Tutumunun Düzenleyici Rolü
The Moderator Role of Risk Attitude in the Effect of Thinking Styles on Overconfidence Bias

Author(s): Özge DİNÇ CAVLAK, Abdullah Süreyya ERSOY
Subject(s): Business Economy / Management, Individual Psychology, Behaviorism
Published by: İşletme Araştırmaları Dergisi
Keywords: Decision Making; Overconfidence; Thinking Styles; Risk Attitude; Structural Equation Model;

Summary/Abstract: Purpose – It is extremely important to reveal the determinants of overconfidence bias, which is one of the most important cognitive biases encountered in the decision-making processes under risk and uncertainty. In this direction, the present study aims to reveal the effects of thinking styles conceptualized as intuitive and rational thinking on overconfidence bias. In addition, it is aimed to examine the moderator role of risk attitude on the relationship between thinking styles and overconfidence bias. Design/Methodology/Approach – In the study, the effects of thinking styles consisting of intuitive and rational thinking dimensions overconfidence bias were examined using the Structural Equation Model using the AMOS package program. The moderator role of risk attitude on the relationship between thinking styles and overconfidence bias was tested using the SPSS Process v6 package program. In this context, the survey method was applied. Findings – The findings of the study reveal that thinking styles determined as intuitive and rational thinking explain overconfidence bias at a rate of 60.5% (R2 = 0.605). While intuitive thinking has a very strong, significant, and positive effect on overconfidence; On the other hand, it is seen that rational thinking has a negative and significant effect on overconfidence.

  • Issue Year: 14/2022
  • Issue No: 1
  • Page Range: 671-685
  • Page Count: 15
  • Language: Turkish