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asymmetric updating in this domain. In contrast, in our experiment, belief updating is close to the Bayesian benchmark on average …
Persistent link: https://www.econbiz.de/10012064638
asymmetric updating in this domain. In contrast, in our experiment, belief updating is close to the Bayesian benchmark on average …
Persistent link: https://www.econbiz.de/10012029067
in this domain. In contrast, the average participant in our experiment is strikingly close to Bayesian in her belief …
Persistent link: https://www.econbiz.de/10011542204
Persistent link: https://www.econbiz.de/10012487732
. We propose a controlled online experiment that allows to manipulate belief biases and the communication environment. We …
Persistent link: https://www.econbiz.de/10014467686
Bayesian Updating is the dominant theory of learning in economics. The theory is silent about how individuals react to …
Persistent link: https://www.econbiz.de/10012306040
Bayesian Updating is the dominant theory of learning in economics. The theory is silent about how individuals react to …
Persistent link: https://www.econbiz.de/10012307444
behavioural models suggested by psychology (i.e., weighted probabilities applied to regret and rejoice theory), and by updating …
Persistent link: https://www.econbiz.de/10011703316
We report a portfolio-choice experiment that enables us to estimate parametric models of ambiguity aversion at the …
Persistent link: https://www.econbiz.de/10011757224
We study belief updating about relative performance in an ego-relevant task. Manipulating the perceived ego-relevance of the task, we show that subjects update their beliefs optimistically because they derive direct utility flows from holding positive beliefs. This finding provides a behavioral...
Persistent link: https://www.econbiz.de/10013433247