The Impact of Cognitive Predispositions on Exploration Decisions in the Mineral Industry
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...
| Main Authors: | , , , , |
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| Format: | Journal Article |
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John Wiley & Sons Ltd.
2011
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| Online Access: | http://hdl.handle.net/20.500.11937/31841 |
| _version_ | 1848753495961763840 |
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| author | Wastell, Colin Etheridge, Mike McMahon, Maureen Lucas, Gillian Hartley, Lisa |
| author_facet | Wastell, Colin Etheridge, Mike McMahon, Maureen Lucas, Gillian Hartley, Lisa |
| author_sort | Wastell, Colin |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T08:25:26Z |
| format | Journal Article |
| id | curtin-20.500.11937-31841 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:25:26Z |
| publishDate | 2011 |
| publisher | John Wiley & Sons Ltd. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-318412017-09-13T15:52:04Z The Impact of Cognitive Predispositions on Exploration Decisions in the Mineral Industry Wastell, Colin Etheridge, Mike McMahon, Maureen Lucas, Gillian Hartley, Lisa Mineral Industry Exploration Cognitive Predispositon 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. 2011 Journal Article http://hdl.handle.net/20.500.11937/31841 10.1002/acp.1715 John Wiley & Sons Ltd. restricted |
| spellingShingle | Mineral Industry Exploration Cognitive Predispositon Wastell, Colin Etheridge, Mike McMahon, Maureen Lucas, Gillian Hartley, Lisa The Impact of Cognitive Predispositions on Exploration Decisions in the Mineral Industry |
| title | The Impact of Cognitive Predispositions on Exploration Decisions in the Mineral Industry |
| title_full | The Impact of Cognitive Predispositions on Exploration Decisions in the Mineral Industry |
| title_fullStr | The Impact of Cognitive Predispositions on Exploration Decisions in the Mineral Industry |
| title_full_unstemmed | The Impact of Cognitive Predispositions on Exploration Decisions in the Mineral Industry |
| title_short | The Impact of Cognitive Predispositions on Exploration Decisions in the Mineral Industry |
| title_sort | impact of cognitive predispositions on exploration decisions in the mineral industry |
| topic | Mineral Industry Exploration Cognitive Predispositon |
| url | http://hdl.handle.net/20.500.11937/31841 |