Technology Review - Published By MIT
Advertisement

Predictably Irrational


Dan Ariely is James B. Duke Professor of Behavioral Economics at Duke University and a visiting professor at MIT’s Media Laboratory.

Advertisement
Thursday, June 25, 2009

We’re Swayed by Confidence More than Expertise

“For the great majority of mankind are satisfied with appearances, as though they were realities, and are more often influenced by the things that ’seem’ than by those that ‘are.’”
-16th-century Italian politician Niccolo Machiavelli

It’s something we come across regularly: presentation trumps content. Often what matters is not what we know, or what we have done, but rather how we spin it. It’s why cover letters are so important, and why the peripheral route to persuasion – one of advertising’s biggest weapons – works.

Now, Don Moore of Carnegie Mellon University demonstrated yet another way that we are heavily influenced by delivery — We tend to seek advice from experts who exhibit the most confidence – even when we know they haven’t been particularly accurate in the past.

In his experiment, Don had volunteers guess the weight of people in photographs, and paid them for their correct answers. But before each guess, the volunteers were asked to choose one of four advice-givers (also volunteers) from whom to buy advice. Each advice-giver submitted their weight guess in percentage form, with some advisers spreading out their advice over multiple weight ranges. So, one advisor might have said that there was a 70% chance that the person’s weight was 170-179 pounds, a 15% chance that it was 160-169, and a 15% chance that it was 180-189. A more confident advisor, however, would have put all his eggs in one basket and said there was a 100% chance that the weight was within the 170-179 range.

Now here’s the really important part: in each round, before they chose their adviser, volunteers got to see each adviser’s percentage spread, but not the associated weight ranges. (See this really handy chart for more on the set-up.)

What did Moore find? Volunteers were more likely to buy advice from confident advisers (such as the 100% adviser from above) than those who spread out their percentages. What’s more, this tendency led advisors to make their advice more and more precise in subsequent rounds – but not more accurate.

These findings are troublesome. Because though confidence and accuracy sometimes go hand-in-hand, they don’t necessarily do so. And when we want confident advisors, some will exaggerate to give us what we want.  Maybe this is why so many pundits on TV for example exaggerate their certainty?

Comments

  • Confidence: the key?
    The study is of course really important, but proves what is well known: if you appear confident you are more likely to trusted by people.
    What makes me think is that for every 10 people being confident without having content there should be at least 1 person caring less of presentation but having a lot more of content.
    What really is awful is that, at the very sad end, in everyday life playground, is better not to be able to do things but being able to "sell" those things instead than the opposite.
    This post also at http://ictheworld.wordpress.com
    Rate this comment: 12345

    hotrao
    06/26/2009
    Posts:3
    Avg Rating:
    3/5
  • Evolutionary or rational
    I saw that piece too, and blogged about it here: http://www.rowlandmanthorpe.com/blog/2009/06/cockiness-confidence-competence/.

    I wonder if you think that our tendency to be overconfident is an evolutionary adaptation, as Malcolm Gladwell has suggested, or simply a way of maximising our expected utility. There's definitely a case for the latter.
    Rate this comment: 12345

    Rowland
    07/09/2009
    Posts:1
Advertisement

Log In

Forgot your password?     Register »
Advertisement
Technology Review November/December 2009

Current Issue

Natural Gas Changes the Energy Map
The United States has vast supplies of this cleaner fossil fuel. But how should we use it?
•  Subscribe
Save 36%
•  Table of Contents
•  MIT News
» Gift Subscription
» Digital Subscription
» Reprints, Back Issues
» Subscribe
» Table of Contents
» MIT News

More Technology News from Forbes

Advertisement
MIT Massachusetts Institute of Technology © 2009 Technology Review. All Rights Reserved.