An Experiment : Distribution of the Adversity Quotient as a Reduction of Bias in Estimating Earnings

• 영문명: An Experiment : Distribution of the Adversity Quotient as a Reduction of Bias in Estimating Earnings
• 발행기관: 한국유통과학회
• 저자명: Riza PRADITHA Lasty AGUSTUTY Robert JAO Andi RUSLAN Nur AISYAH Diah Ayu GUSTININGSIH
• 간행물 정보: 『유통과학연구(JDS)』제21권 제6호, 99~106쪽, 전체 8쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2023.06.30

영문 초록

Purpose: This study aims to analyze the distribution of the role of adversity quotient in the estimation bias of future earnings. Adversity quotient is a cognitive ability that can be distributed as a reducer of bias effects that occur in profit forecasting or investment decision making. Research design, data and methodology: The study designs a full factorial within-subject 2×3 as a laboratory experiment. The study subjects are 30 accounting students who are proxied as investors. Results: The results show that the estimated earnings made by investors experience anchoring-adjustment heuristic bias which means the initial value becomes a basic belief that influences the decisions taken by investors. However, this study also provides evidence that heuristic bias can be reduced by the presence of adversity quotient. Investors who have high adversity ability are abler to reduce the estimation bias when compared to investors who have medium and low adversity ability so the higher the difficulty ability possessed by investors, the less likely the occurrence of bias in decision making. Conclusion: Thus, the adversity quotient is proven to be distributed as a reducing opportunity from the bias that will occur in estimating future earnings or making investment decisions.

목차

1. Introduction

2. Literature Review

3. Research Method

4. Result and Discussion

5. Conclusion

References

키워드

Earnings estimates Adversity quotient Anchoring-adjustment Heuristic bias Distribution