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The impact of cognitive predispositions on exploration decisions in the minerals industry

2010; Wiley; Volume: 25; Issue: 3 Linguagem: Inglês

10.1002/acp.1715

1099-0720

Colin Wastell, Mike Etheridge, Maureen E. McMahon, Gillian Lucas, Lisa Hartley,

Information Retrieval and Search Behavior

Applied Cognitive PsychologyVolume 25, Issue 3 p. 469-479 Research Article The impact of cognitive predispositions on exploration decisions in the minerals industry Colin A Wastell, Corresponding Author Colin A Wastell colin.wastell@mq.edu.au Department of Psychology, Macquarie University, Sydney, New South Wales, AustraliaDepartment of Psychology, Macquarie University, Balaclava Rd, Sydney, New South Wales 2109, Australia.Search for more papers by this authorMike Etheridge, Mike Etheridge GEMOC, Macquarie University, Sydney, New South Wales, AustraliaSearch for more papers by this authorMaureen McMahon, Maureen McMahon GEMOC, Macquarie University, Sydney, New South Wales, AustraliaSearch for more papers by this authorGillian Lucas, Gillian Lucas GEMOC, Macquarie University, Sydney, New South Wales, AustraliaSearch for more papers by this authorLisa Hartley, Lisa Hartley Department of Psychology, Macquarie University, Sydney, New South Wales, AustraliaSearch for more papers by this author Colin A Wastell, Corresponding Author Colin A Wastell colin.wastell@mq.edu.au Department of Psychology, Macquarie University, Sydney, New South Wales, AustraliaDepartment of Psychology, Macquarie University, Balaclava Rd, Sydney, New South Wales 2109, Australia.Search for more papers by this authorMike Etheridge, Mike Etheridge GEMOC, Macquarie University, Sydney, New South Wales, AustraliaSearch for more papers by this authorMaureen McMahon, Maureen McMahon GEMOC, Macquarie University, Sydney, New South Wales, AustraliaSearch for more papers by this authorGillian Lucas, Gillian Lucas GEMOC, Macquarie University, Sydney, New South Wales, AustraliaSearch for more papers by this authorLisa Hartley, Lisa Hartley Department of Psychology, Macquarie University, Sydney, New South Wales, AustraliaSearch for more papers by this author First published: 20 May 2011 https://doi.org/10.1002/acp.1715Citations: 5Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Abstract Minerals exploration is conducted within an environment of ambiguity in the information and a high degree of uncertainty concerning success. In an extension and application of Tetlock (2005) the present research examined the impact of cognitive predispositions on the quality of minerals exploration decision-making. Utilising instruments specifically designed to assess thinking and judgement predispositions results indicate that for this sample (n = 94) an enjoyment of rational thinking and the need for cognitive closure were predictive of lower estimated percentages of the likelihood of finding an exploitable deposit keeping geophysical data constant. Several counter-intuitive findings related to the relationship between likelihood and amount of expenditure were also found. The findings add further support to Tetlock's (2005) call to hold experts in all fields to account for the recommendations they make and to examine not just what they think but how they think. Copyright © 2010 John Wiley & Sons, Ltd. Citing Literature Volume25, Issue3May/June 2011Pages 469-479 RelatedInformation