Narrow search
Showing 1 - 10 of 10,720
Cover Image
Paying is believing : the effect of costly information on Bayesian updating
Robalo, Pedro; Sayag, Rei - In: Journal of economic behavior & organization : JEBO 156 (2018), pp. 114-125
Persistent link: https://www.econbiz.de/10012102365
Cover Image
Individual and Group Decision Making Under Risk : An Experimental Study of Bayesian Updating and Violations of First-Order Stochastic Dominance
Charness, Gary; Karni, Edi; Levin, Dan - 2006
In this paper, we report the results of experiments designed to test whether individuals and groups abide by the axioms of monotonicity, with respect to first-order stochastic dominance and Bayesian updating, when making decisions in the face of risk. The results indicate a significant number of...
Persistent link: https://www.econbiz.de/10014055667
Cover Image
The Sound of Silence : Observational Learning in the U.S. Kidney Market
Zhang, Juanjuan - 2010
show that observational learning and information sharing shape consumer choices in markedly different ways. Optimal …
Persistent link: https://www.econbiz.de/10014054192
Cover Image
Measuring responsiveness to feedback as a personal trait
Buser, Thomas; Gerhards, Leonie; Weele, Joël J. van der - 2016
People typically update their beliefs about their own abilities too little in response to feed-back, a phenomenon known as "conservatism", and some studies suggest that they overweight good relative to bad signals ("asymmetry"). We measure individual conservatism and asymmetry in three tasks...
Persistent link: https://www.econbiz.de/10011483816
Cover Image
Reverse Bayesianism: revising beliefs in light of unforeseen events
Becker, Christoph; Melkonyan, Tigran A.; Proto, Eugenio; … - 2020
", which ensures that the old information is used correctly after an unforeseen event materializes. We find that participants …
Persistent link: https://www.econbiz.de/10012306040
Cover Image
Reverse Bayesianism : revising beliefs in light of unforeseen events
Becker, Christoph; Melkonyan, Tigran A.; Proto, Eugenio; … - 2020
", which ensures that the old information is used correctly after an unforeseen event materializes. We find that participants …
Persistent link: https://www.econbiz.de/10012307444
Cover Image
Chapter 13 Environment, Uncertainty, and Option Values
Mler, Karl-Gran; Fisher, Anthony - In: Handbook of environmental economics : volume 2, Valuing …, (pp. 571-620). 2005
irreversible effects, but where the decision-maker can improve her information about the true future preferences. This problem was …
Persistent link: https://www.econbiz.de/10014023926
Cover Image
The Demand for Information : More Heat than Light
Keppo, Jussi; Moscarini, Giuseppe; Smith, Lones - 2014
This paper produces a comprehensive theory of the value of Bayesian information and its static demand. Our key insight … small and large sample properties of information, and reveal some fundamental properties of demand: (a) Value 'non …-concavity': The marginal value of information is initially zero; (b) The marginal value is convex/rising, concave/peaking, then convex …
Persistent link: https://www.econbiz.de/10014066683
Cover Image
Learning about oneself : the effects of performance feedback on school choice
Bobba, Matteo; Frisancho Robles, Verónica - 2016
This paper designs and implements a field experiment that provides students from less advantaged backgrounds with individualized feedback on academic performance during the transition from middle to high school. The intervention reduces the gap between expected and actual performance, as well as...
Persistent link: https://www.econbiz.de/10011662368
Cover Image
Learning about oneself : the effects of performance feedback on school choice
Bobba, Matteo; Frisancho Robles, Verónica - 2016
We design and implement a field experiment that provides students from less advantaged backgrounds with individualized feedback on academic performance during the transition from middle to high school. The intervention reduces the gap between expected and actual performance, as well as shrinks...
Persistent link: https://www.econbiz.de/10011580923