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In our laboratory experiment, subjects, in sequence, have to predict the value of a good. The second subject in the sequence makes his prediction twice: first ("first belief"), after he observes his predecessor's prediction; second ("posterior belief"), after he observes his private signal. We...
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updating, incompatible with Bayesianism, can be explained by multiple priors on the predecessor's rationality and a … generalization of the Maximum Likelihood Updating rule. In another experiment, we directly test this theory and find support for it. …
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We develop a model of individual prosecutors (and teams of prosecutors) to address the incentives for the suppression of exculpatory evidence. Our model assumes that each individual prosecutor trades off a desire for career advancement (by winning a case) and a disutility for knowingly...
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