people neglect correlations in the updating process, leading to systematically "overshooting" beliefs. This finding lends …

and treat correlated information as independent. In consequence, people s beliefs are excessively sensitive to well …-conncected information sources, implying a pattern of overshooting beliefs. Additionally, in an experimental asset market, correlation …

and treat correlated information as independent. In consequence, people's beliefs are excessively sensitive to well …-connected information sources, implying a pattern of "overshooting" beliefs. Additionally, in an experimental asset market, correlation …

It is widely hypothesized that anxiety and worry about an uncertain future lead to the adoption of comforting beliefs …

expectations. We examine the predictions of Kőszegi and Rabin (2006) in the context of market experiments with probabilistic forced … these theoretical predictions. In a series of experiments with a total of 930 subjects, sellers' valuations exceed buyers …' valuations under all probabilities of forced exchange. In robustness tests where attention is drawn specifically to the forced …

Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in … which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the … strategies of the players. The experimental subjects often start with diffuse uniform beliefs and update them in view of …

the prevalence of their own values and preferences when forming beliefs about others' values and preferences, depends on … the salience of own preferences. We manipulate salience by varying the order of elicitation of preferences and beliefs …

their content effectively to update their beliefs. To answer these questions, I set up an online experiment informed by a … number of available sources increases. Also, ceteris paribus, their performance in updating their beliefs using the selected …