The effects of expertise on financial problem solving: Evidence for goal-directed, problem-solving scripts
Douglas A Hershey; David A Walsh; Stephen J Read; Ada S Chulef
Organizational Behavior and Human Decision Processes 46(1): 77-101
1990
ISSN/ISBN: 0749-5978 DOI: 10.1016/0749-5978(90)90023-3
Accession: 062136716
The information-selection and problem-solving strategies of experts and novices presented with a complex, real-world retirement planning task were studied. Two extreme groups of financial planning expertise were created from a sample of 21 on the basis of their (1) occupational reputations, and (2) performance on a comprehensive financial knowledge questionnaire.