The Effects of Time Pressure on Belief Revision in Accounting: A Review of Relevant Literature in a Pressure-Arousal-Effort-Performance Framework

Posted: 20 May 2016 Last revised: 6 Mar 2017

See all articles by Christian P.R. Pietsch

Christian P.R. Pietsch

Erasmus University Rotterdam

William F. Messier, Jr.

NHH Norwegian School of Economics

Date Written: April 1, 2016

Abstract

This study advances several propositions about the effects of time pressure on individuals’ belief revisions within a pressure-arousal-effort-performance framework. There is a significant body of research that documents the importance of both time pressure and order effects in an accounting environment. However, prior research has not investigated how the order of information affects individuals’ belief revision processes under varying levels of time pressure, even though the inclusion of a time pressure variable has been noted as relevant in belief revision research, both in general (Hogarth and Einhorn 1992) and in accounting (Kahle, Pinsker, and Pennington 2005; Trotman and Wright 2000). In this review, we extend prior belief revision research in accounting by describing how time pressure interacts with personal and task variables, and the subprocesses described in the belief-adjustment model (Hogarth and Einhorn 1992). Propositions are advanced on the effects of time pressure on individuals’ belief revisions. A better understanding of such interactive effects helps to explain the mixed results identified in prior studies.

Keywords: order effects, time pressure, belief revision

JEL Classification: M4, M40, M420

Suggested Citation

Pietsch, Christian P.R. and Messier Jr, William F., The Effects of Time Pressure on Belief Revision in Accounting: A Review of Relevant Literature in a Pressure-Arousal-Effort-Performance Framework (April 1, 2016). Behavioral Research in Accounting, No. 2, 2017, Available at SSRN: https://ssrn.com/abstract=2773058 or http://dx.doi.org/10.2139/ssrn.2773058

Christian P.R. Pietsch

Erasmus University Rotterdam ( email )

William F. Messier Jr (Contact Author)

NHH Norwegian School of Economics ( email )

Helleveien 30
N-5045 Bergen
Norway
678-386-8634 (Phone)

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