Cognitive Fit and Visual Pattern Recognition in Financial Information System: An Experimental Study

This experimental study uses traders to understand the effect of cognitive fit on the performance of decision makers for pattern recognition tasks using financial information systems. Building upon signal detection theory, we find that performance is affected by both attention level and working memory capacity while the level of knowledge in finance and experience in finance have no significant impact. Our results also suggest that overconfidence has a detrimental effect on performance.

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