Confidence in complex risk judgments: the roles of uncertainty, experience, and affect
Disagreement persists about the origin of confidence and the internal signals that influence its formation. Using combined individual participant data from four studies (N = 181), we examined confidence in relation to the perceived source of uncertainty for a risk judgment and explored the roles of domain-specific experience and affective evaluations in the formation of confidence. In each study, participants with domain-specific experience (backcountry skiers) performed complex risk judgments (judging avalanche risk) for multiple highly uncertain contexts (hypothetical scenarios in avalanche terrain). We examined whether more experienced participants could better recognize the inherent uncertainty of the decision environment, and if they did so with greater confidence. For complex tasks such as judging avalanche risk, experience should increase a person’s understanding of the probabilistic, unpredictable nature of that environment. Yet our findings suggests that participants of all levels of experience attributed uncertainty to their own judgment process rather than to the limitations and inherent uncertainty of the environment. We also examined whether participants’ affective evaluations influenced confidence in their risk judgments. Affective evaluations are understood to play a crucial orienting role in the risk judgment process. We found evidence of an interplay between affective and cognitive judgments in the formation of confidence. Participants were more confident when their affective evaluation matched their risk judgment, and less confident when there was a mismatch between the two. Our research illustrates a troubling limitation in the development of confidence with experience and the potential (dis)advantageous effect of affective evaluations on confidence in certain contexts.