Showing 1 - 10 of 198
large majority of subjects indeed have a bias in the perception of wealth, such that balance sheet composition matters: for … implies greater perceived wealth. The predominance of this bias is explained by low cognitive sophistication and great …
Persistent link: https://www.econbiz.de/10012845685
reduced reliance on intuitions. In none of the tasks are very high stakes sufficient to de-bias participants, or come even …
Persistent link: https://www.econbiz.de/10012838245
presence of cognitive noise. Moreover, the cognitive noise required by our hypothesis is consistent with patterns of bias and …
Persistent link: https://www.econbiz.de/10014077011
This paper estimates a New Keynesian model with new and old behavioral elements. Agents in the model exhibit cognitive discounting, or myopia: they discount variables far into the future at higher rates than typically implied in the benchmark model. We investigate the model under different...
Persistent link: https://www.econbiz.de/10013229788
We propose and experimentally test a theory of strategic behavior in which players are cognitively imprecise and perceive a fundamental parameter with noise. We focus on 2 x 2 coordination games, which generate multiple equilibria when perception is precise. When adding a small amount of...
Persistent link: https://www.econbiz.de/10013310763
We show that the disposition effect–the tendency of investors to hold losers and sell winners–can be a source of overconfidence. We find experimental evidence that individuals update beliefs about their own investment ability based on realized gains and losses rather than the overall...
Persistent link: https://www.econbiz.de/10014358104
How can naiveté about present bias persist despite experience? To answer this question, our experiment investigates …. While we find that participants are present biased and initially naive about their bias, our methodology enables us to … results suggest that persistent naiveté cannot be explained by a fundamental inferential bias. At the same time, we find that …
Persistent link: https://www.econbiz.de/10012892133
We consider a streaming platform which carries content from various upstream content providers. Participating customers face personalized recommendations from the platform and consume a mix of content originating from each provider. We analyze when the platform uses its personalized...
Persistent link: https://www.econbiz.de/10012892194
This paper provides new evidence on gender bias in teaching evaluations. We exploit a quasi-experimental dataset of 19 … women receive systematically lower teaching evaluations than their male colleagues. This bias is driven by male students …' evaluations, is larger for mathematical courses and particularly pronounced for junior women. The gender bias in teaching …
Persistent link: https://www.econbiz.de/10012892308
One-way communication between an informed sender and an uninformed receiver involves two fundamental processes: a process of encoding – whereby the sender maps states of the world or concepts into arbitrary signals – and a process of decoding – whereby the receiver makes inferences about...
Persistent link: https://www.econbiz.de/10014356479