Accuracy of percentile judgments used in the utility analysis of personnel selection procedures

2.50
Hdl Handle:
http://hdl.handle.net/2436/30412
Title:
Accuracy of percentile judgments used in the utility analysis of personnel selection procedures
Authors:
Myors, Brett; Carstairs, Jane R.; Todorov, Natasha
Abstract:
Schmidt, Hunter, McKenzie and Muldrow's (1979) global estimation procedure for determining the standard deviation of job performance in monetary terms (SDy) is based on the assumption that people are able to estimate the percentiles of a normal distribution. The aim of the research reported here was to test the veracity of this assumption. We used participants who were primed to work with percentiles on a task that provided all the information necessary to solve the problem. Participants' percentile estimates were found to be grossly in error, suggesting that utilities estimated by the Schmidt et al. procedure are inaccurate. This finding was replicated in a second study which also examined the effect of group decision-making on the estimation process. Group estimates were found to be no better than individual estimates
Citation:
Australian Journal of Psychology, 54 (1): 1 - 7
Publisher:
Taylor & Francis
Journal:
Australian Journal of Psychology
Issue Date:
2002
URI:
http://hdl.handle.net/2436/30412
DOI:
10.1080/00049530210001706453
Additional Links:
http://www.informaworld.com/openurl?genre=article&issn=0004-9530&volume=54&issue=1&spage=1
Type:
Article
Language:
en
ISSN:
00049530; 17429536
Appears in Collections:
Psychology of Health Research Group

Full metadata record

DC FieldValue Language
dc.contributor.authorMyors, Brett-
dc.contributor.authorCarstairs, Jane R.-
dc.contributor.authorTodorov, Natasha-
dc.date.accessioned2008-06-24T14:15:43Z-
dc.date.available2008-06-24T14:15:43Z-
dc.date.issued2002-
dc.identifier.citationAustralian Journal of Psychology, 54 (1): 1 - 7en
dc.identifier.issn00049530-
dc.identifier.issn17429536-
dc.identifier.doi10.1080/00049530210001706453-
dc.identifier.urihttp://hdl.handle.net/2436/30412-
dc.description.abstractSchmidt, Hunter, McKenzie and Muldrow's (1979) global estimation procedure for determining the standard deviation of job performance in monetary terms (SDy) is based on the assumption that people are able to estimate the percentiles of a normal distribution. The aim of the research reported here was to test the veracity of this assumption. We used participants who were primed to work with percentiles on a task that provided all the information necessary to solve the problem. Participants' percentile estimates were found to be grossly in error, suggesting that utilities estimated by the Schmidt et al. procedure are inaccurate. This finding was replicated in a second study which also examined the effect of group decision-making on the estimation process. Group estimates were found to be no better than individual estimatesen
dc.language.isoenen
dc.publisherTaylor & Francisen
dc.relation.urlhttp://www.informaworld.com/openurl?genre=article&issn=0004-9530&volume=54&issue=1&spage=1en
dc.subjectPersonnel selectionen
dc.subjectPercentile estimatesen
dc.subjectUtility analysisen
dc.subjectRecruitment-
dc.subjectOrganisational psychology-
dc.titleAccuracy of percentile judgments used in the utility analysis of personnel selection proceduresen
dc.typeArticleen
dc.identifier.journalAustralian Journal of Psychologyen
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