Trent N. Cash

Ph.D. Student at Carnegie Mellon University

Assessing Metacognitive Knowledge in Subjective Decisions: The Knowledge of Weights Paradigm (Under Review)


Journal article


Trent N. Cash, Daniel M. Oppenheimer

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Cite

APA   Click to copy
Cash, T. N., & Oppenheimer, D. M. Assessing Metacognitive Knowledge in Subjective Decisions: The Knowledge of Weights Paradigm (Under Review).


Chicago/Turabian   Click to copy
Cash, Trent N., and Daniel M. Oppenheimer. “Assessing Metacognitive Knowledge in Subjective Decisions: The Knowledge of Weights Paradigm (Under Review)” (n.d.).


MLA   Click to copy
Cash, Trent N., and Daniel M. Oppenheimer. Assessing Metacognitive Knowledge in Subjective Decisions: The Knowledge of Weights Paradigm (Under Review).


BibTeX   Click to copy

@article{trent-a,
  title = {Assessing Metacognitive Knowledge in Subjective Decisions: The Knowledge of Weights Paradigm (Under Review)},
  author = {Cash, Trent N. and Oppenheimer, Daniel M.}
}

Abstract

Subjective, multi-attribute choice decisions – such as whom to marry or which college to attend – play a substantial role in decision makers’ long-term well-being. However, the metacognition literature lacks tools for assessing metacognitive capacities in subjective decisions. We present 3 studies in which we propose and validate the Knowledge of Weights (KoW) paradigm, a novel method for assessing metacognitive knowledge of attribute weights in subjective, multi-attribute choice decisions. In Study 1, we demonstrate the test-retest reliability of metrics generated by the KoW paradigm. In Study 2, we apply the KoW paradigm in four similar domains and show that it generates consistent results across the domains. In Study 3, we demonstrate that participants who perform better on the KoW paradigm make choices with which they are more satisfied, establishing predictive validity. These results suggest that the KoW paradigm is psychometrically sound. Use cases in cognitive psychology and beyond are discussed.

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