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

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    Authors
    Myors, Brett
    Carstairs, Jane R.
    Todorov, Natasha
    Issue Date
    2002
    
    Metadata
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    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
    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
    Journal article
    Language
    en
    ISSN
    00049530
    17429536
    ae974a485f413a2113503eed53cd6c53
    10.1080/00049530210001706453
    Scopus Count
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    Faculty of Education, Health and Wellbeing

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