Skip to main content
Log in

The effect of value on statements of expectancy under four experimental conditions

  • Published:
The Psychological Record Aims and scope Submit manuscript

Abstract

Two hypotheses were put forth with respect to the relationship of value to statements of expectancy. First, given a specific sequence and relative frequency of a set of outcomes, the perception that the outcomes are skill-influenced will result in expectancy statements biased in direct relationship to the values of the outcomes. Secondly, forcing a distinction in expectations regarding events which are equally likely introduces a bias directly related to the values of the outcomes. Four groups of 10 subjects each were run under four experimental conditions. These were, Skill-Forced rank-order; Skill-Equal rank option; Chance-Forced rank-order; and Chance-Equal rank option. Both major hypotheses were supported by the data. In the discussion it was emphasized that the Skill-Chance dimension must be taken into serious consideration in research on expectancies (subjective probabilities) and that it is advisable to liberalize the judgment categories provided for expectancies in order to minimize the danger of artifactual bias.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Similar content being viewed by others

References

  • ATKINSON, J. W. Motivational determinants of risk-taking behavior. Psychol. Rev., 1957, 64, 359–370.

    Article  PubMed  Google Scholar 

  • CRANDALL, V. J., SOLOMON, D., & KELLAWAY, R. Expectancy statements and decision time as functions of objective probabilities and reinforcement values. J. Pers., 1953, 24, 192–203.

    Article  Google Scholar 

  • EDWARDS, W. Prediction of decisions among bets. J. exp. Psychol., 1955, 50, 201–214.

    Article  PubMed  Google Scholar 

  • EDWARDS, W. Behavioral decision theory. In Annual Review of Psychology, 12, 1961.

  • FEATHER, N. T. Subjective probability and decision under uncertainty. Psychol. Rev., 1959, 66, 150–164.

    Article  PubMed  Google Scholar 

  • IRWIN, F. W. Stated expectations as functions of probability and desirability of outcome. J. Pers., 1953, 21, 329–335.

    Article  PubMed  Google Scholar 

  • JESSOR, R., & READIO, J. The influence of the value of an event upon the expectancy of its occurrence. J. gen. Psychol., 1957, 56, 219–228.

    Article  PubMed  Google Scholar 

  • LEWIN, K., DEMBO, TAMARA, FESTINGER, L. & SEARS, PAULINE. Level of aspiration. In J. McV. Hunt (Ed.), Personality and the behavior disorders. New York: Ronald, 1944.

    Google Scholar 

  • MARKS, R. W. The effect of probability, desirability, and ‘privilege’ on the stated expectations of children. J. Pers., 1951, 19, 332–351.

    Article  PubMed  Google Scholar 

  • ROTTER, J. B. Social learning and clinical psychology. New York: Prentice-Hall, 1954.

    Book  Google Scholar 

  • WORELL, J. The effect of goal value upon expectancy. J. abnorm. soc. Psychol., 1955, 50, 201–214.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Additional information

The author gratefully acknowledges the advice and help of Professor T. R. Sarbin in the execution of this experiment.

Data were gathered at the University of California, Berkeley.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Scheibe, K.E. The effect of value on statements of expectancy under four experimental conditions. Psychol Rec 14, 137–144 (1964). https://doi.org/10.1007/BF03393570

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/BF03393570

Navigation