Bohren, J. Aislinn; Hascher, Josh; Imas, Alex; … - National Bureau of Economic Research - 2024
leads to the overweighting of unlikely but salient events--the dominant force when learning from simultaneous information …--whereas imperfect recall leads to the underweighting of such events--the dominant force when learning sequentially. A series of studies … show that, when learning from simultaneous information, people are overoptimistic about and are attracted to assets that …