Question 1

Briefly explain the Brunswik lens model and what factors make it a better predictor of the event of interest than the person from whom the model was derived.

Accepted Answer

The Brunswik lens model is a psychologic

Question 2

Which research question would not be answered using behavioural accounting research?

Accepted Answer

A) How does the stock market react to the disclosure of upward asset revaluations? 
B) How does a bank loan officer decide whether to grant a loan to a client? 
C) How does an auditor judge the riskiness of an audit client? 
D) What are the most useful accounting disclosures for users of financial reports? 
A) How does the stock market react to the disclosure of upward asset revaluations? 
B) How does a bank loan officer decide whether to grant a loan to a client? 
C) How does an auditor judge the riskiness of an audit client? 
D) What are the most useful accounting disclosures for users of financial reports?

Question 3

The statement that is true is:

Accepted Answer

A) The objective of behavioural accounting research (BAR)is to explain why people behave as they do 
B) Capital market research investigates how information is actually processed by market participants 
C) BAR,capital market research,and agency theory are normative accounting theories 
D) Agency theory makes no assumptions about people's behaviours 
A) The objective of behavioural accounting research (BAR)is to explain why people behave as they do 
B) Capital market research investigates how information is actually processed by market participants 
C) BAR,capital market research,and agency theory are normative accounting theories 
D) Agency theory makes no assumptions about people's behaviours

Question 4

The term 'posterior odds' in Bayes' theorem represents:

Accepted Answer

A) Initial probability 
B) The amount by which prior expectations should be revised 
C) Base rate 
D) Revised probability 
A) Initial probability 
B) The amount by which prior expectations should be revised 
C) Base rate 
D) Revised probability

Question 5

One of the limitations of using CART models is that when there is lot of data available for analysis it becomes difficult to derive simple rules to train other analysts.

Accepted Answer

A) True 
 B)False

Question 6

The use of the Brunswik lens model has led to the discovery of the following insights,except:

Accepted Answer

A) The stability of human judgement over time 
B) The circumstances under which a model of human behaviour outperforms humans 
C) The step-by-step process of decision-making 
D) Patterns of cue use evident in various tasks 
A) The stability of human judgement over time 
B) The circumstances under which a model of human behaviour outperforms humans 
C) The step-by-step process of decision-making 
D) Patterns of cue use evident in various tasks

Question 7

Which of these is not an option suggested by Libby for improving decision making?

Accepted Answer

A) Replacing decision makers with a model of themselves 
B) Prescribing normative decision rules for repetitive decision making tasks 
C) Educating decision makers 
D) Changing the presentation and amount of information 
A) Replacing decision makers with a model of themselves 
B) Prescribing normative decision rules for repetitive decision making tasks 
C) Educating decision makers 
D) Changing the presentation and amount of information

Question 8

Which of these is not a model relied heavily on in applying human judgement theory to accounting issues?

Accepted Answer

A) The Brunswik lens model 
B) The process tracing model 
C) The efficient market model 
D) The probabilistic judgement model 
A) The Brunswik lens model 
B) The process tracing model 
C) The efficient market model 
D) The probabilistic judgement model

Question 9

The statement that is correct is:

Accepted Answer

A) Human judgement theory is particularly relevant to auditing 
B) Contracting theory in accounting has been eclipsed in recent years by behavioural research 
C) The Brunswik lens model was first developed by accounting researchers and then was later used by other disciplines 
D) All of the statements are correct 
A) Human judgement theory is particularly relevant to auditing 
B) Contracting theory in accounting has been eclipsed in recent years by behavioural research 
C) The Brunswik lens model was first developed by accounting researchers and then was later used by other disciplines 
D) All of the statements are correct

Question 10

Libby and Zimmer found a negative correlation between accuracy of judgement and confidence.

Accepted Answer

A) True 
 B)False

Question 11

One of the limitations of the Brunswick lens model is that decision makers often have difficulty explaining all the steps they go through.

Accepted Answer

A) True 
 B)False

Question 12

In behavioural research a model used in situations where initial predictions need to be adjusted in light of additional information is:

Accepted Answer

A) The Brunswik lens model 
B) Process tracing 
C) The probabilistic judgement paradigm 
D) None of the above 
A) The Brunswik lens model 
B) Process tracing 
C) The probabilistic judgement paradigm 
D) None of the above

Question 13

Behavioural accounting research is similar to research using agency theory in that it focuses on individual managers and firms and is derived from the discipline of economics.

Accepted Answer

A) True 
 B)False

Question 14

The statement that is true with respect to the Brunswik lens model is:

Accepted Answer

A) The results of research using this model can be used to train decision makers to change the weightings they give to different information cues 
B) It has provided insights into the stability of human judgement over time 
C) It is not as good as process tracing methods at predicting the event of interest 
D) A and B 
A) The results of research using this model can be used to train decision makers to change the weightings they give to different information cues 
B) It has provided insights into the stability of human judgement over time 
C) It is not as good as process tracing methods at predicting the event of interest 
D) A and B

Question 15

According to the literature it does not appear that accounting information presentation affects decision-making.

Accepted Answer

A) True 
 B)False

Question 16

The rule of thumb that refers to a general judgement process in which an initially generated or given response serves as an anchor and other information is used to adjust that response is:

Accepted Answer

A) Representativeness 
B) Anchoring and adjustment 
C) Availability anchoring and adjustment 
D) User friendliness 
A) Representativeness 
B) Anchoring and adjustment 
C) Availability anchoring and adjustment 
D) User friendliness

Briefly explain the Brunswik lens model and what factors make it a better predictor of the event of interest than the person from whom the model was derived.

Which research question would not be answered using behavioural accounting research?

The statement that is true is:

The term 'posterior odds' in Bayes' theorem represents:

One of the limitations of using CART models is that when there is lot of data available for analysis it becomes difficult to derive simple rules to train other analysts.

The use of the Brunswik lens model has led to the discovery of the following insights,except:

Which of these is not an option suggested by Libby for improving decision making?

Which of these is not a model relied heavily on in applying human judgement theory to accounting issues?

The statement that is correct is:

Libby and Zimmer found a negative correlation between accuracy of judgement and confidence.

One of the limitations of the Brunswick lens model is that decision makers often have difficulty explaining all the steps they go through.

In behavioural research a model used in situations where initial predictions need to be adjusted in light of additional information is:

Behavioural accounting research is similar to research using agency theory in that it focuses on individual managers and firms and is derived from the discipline of economics.

The statement that is true with respect to the Brunswik lens model is:

According to the literature it does not appear that accounting information presentation affects decision-making.

The rule of thumb that refers to a general judgement process in which an initially generated or given response serves as an anchor and other information is used to adjust that response is:

Introduction

Accounting Theory Construction

Role of Theory in Accounting Regulation

Theory Underpinning Accounting Standards

Measurement

Accounting Measurement Systems

Assets

Liabilities and Owners Equity

Revenue

Expenses

Positive Theory of Accounting Policy and Disclosure

Capital Market Research

Emerging Issues in Accounting and Auditing

Filters

Exam 13: Behavioural Research

Briefly explain the Brunswik lens model and what factors make it a better predictor of the event of interest than the person from whom the model was derived.

Which research question would not be answered using behavioural accounting research?

The statement that is true is:

The term 'posterior odds' in Bayes' theorem represents:

One of the limitations of using CART models is that when there is lot of data available for analysis it becomes difficult to derive simple rules to train other analysts.

The use of the Brunswik lens model has led to the discovery of the following insights,except:

Which of these is not an option suggested by Libby for improving decision making?

Which of these is not a model relied heavily on in applying human judgement theory to accounting issues?

The statement that is correct is:

Libby and Zimmer found a negative correlation between accuracy of judgement and confidence.

One of the limitations of the Brunswick lens model is that decision makers often have difficulty explaining all the steps they go through.

In behavioural research a model used in situations where initial predictions need to be adjusted in light of additional information is:

Behavioural accounting research is similar to research using agency theory in that it focuses on individual managers and firms and is derived from the discipline of economics.

The statement that is true with respect to the Brunswik lens model is:

According to the literature it does not appear that accounting information presentation affects decision-making.

The rule of thumb that refers to a general judgement process in which an initially generated or given response serves as an anchor and other information is used to adjust that response is:

Introduction

Accounting Theory Construction

Role of Theory in Accounting Regulation

Theory Underpinning Accounting Standards

Measurement

Accounting Measurement Systems

Assets

Liabilities and Owners Equity

Revenue

Expenses

Positive Theory of Accounting Policy and Disclosure

Capital Market Research

Emerging Issues in Accounting and Auditing

Filters