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Empirically, we find that people make decisions consistent with the advice provided, but that their subjective confidence in their decisions shows 2 interesting properties. First, people's confidence does not depend solely on the accuracy of the advice. Rather, confidence seems to be influenced by both the frequency and accuracy of the advice. Second, people are less confident in their guessed decisions when they have to make relatively more of them. Theoretically, we develop and evaluate a type of sequential sampling process model\u2014known as a self\u2010regulating accumulator\u2014that accounts for both decision making and confidence. The model captures the regularities in people's behavior with interpretable parameter values, and we show its ability to fit the data is not due to excessive model complexity. Using the model, we draw conclusions about some properties of human reasoning under uncertainty.<\/jats:p>","DOI":"10.1207\/s15516709cog0000_71","type":"journal-article","created":{"date-parts":[[2006,11,21]],"date-time":"2006-11-21T18:59:20Z","timestamp":1164135560000},"page":"1081-1095","update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":30,"title":["Decision Making and Confidence Given Uncertain Advice"],"prefix":"10.1111","volume":"30","author":[{"given":"Michael D.","family":"Lee","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Matthew J.","family":"Dry","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"311","published-online":{"date-parts":[[2006,11]]},"reference":[{"key":"e_1_2_1_2_1","doi-asserted-by":"publisher","DOI":"10.3758\/BF03205299"},{"key":"e_1_2_1_3_1","doi-asserted-by":"publisher","DOI":"10.1016\/0022-2496(88)90042-9"},{"key":"e_1_2_1_4_1","doi-asserted-by":"publisher","DOI":"10.1037\/0033-295X.100.3.432"},{"key":"e_1_2_1_5_1","doi-asserted-by":"publisher","DOI":"10.1006\/jmps.1997.1167"},{"key":"e_1_2_1_6_1","doi-asserted-by":"publisher","DOI":"10.1037\/0033-295X.98.4.506"},{"key":"e_1_2_1_7_1","volume-title":"Bounded rationality: The adaptive toolbox","author":"Gigerenzer G.","year":"2001"},{"key":"e_1_2_1_8_1","volume-title":"Simple heuristics that make us smart","author":"Gigerenzer G.","year":"1999"},{"key":"e_1_2_1_9_1","doi-asserted-by":"publisher","DOI":"10.1017\/CBO9780511790423"},{"key":"e_1_2_1_10_1","doi-asserted-by":"publisher","DOI":"10.1017\/CBO9780511803475"},{"key":"e_1_2_1_11_1","doi-asserted-by":"publisher","DOI":"10.1080\/01621459.1995.10476572"},{"key":"e_1_2_1_12_1","volume-title":"Information theory and choice\u2010reaction time","author":"Laming D. 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