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Novice And Expert Judgment In The Presence Of Going Concern Uncertainty The Influence Of Heuristic Biases And Other Relevant Factors, Asokan Anandarajan, Gary Kleinman, Dan Palmon

Department of Accounting and Finance Faculty Scholarship and Creative Works

Purpose - Prior literature provides clear evidence that the judgments of experts differ from those of non-experts. For example, Smith and Kida concluded that the extent of common biases that they investigated often are reduced when experts perform job related tasks as compared to students. The aim in this theoretical study is to examine whether "heuristic biases significantly moderate the understanding of experts versus novices in the going concern judgment?" Design/methodology/approach - The authors address the posited question by marshalling extant literature on expert and novice judgments and link these to concepts drawn from the cognitive sciences through the Brunswick …