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Correlation neglect in belief formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such context many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10009748615
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Correlation neglect in belief formation : conference paper
Enke, Benjamin; Zimmermann, Florian - 2013
A frequent feature of information structures is that they generate signals which are not mutually independent, but rather rely on a common set of underlying information. Using a simple experimental design, we show that in such contexts many people neglect correlations in the updating process,...
Persistent link: https://www.econbiz.de/10010339934
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The curse of knowledge increases self-selection into competition : experimental evidence
Danz, David - 2014 - Rev.
-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …
Persistent link: https://www.econbiz.de/10010403249
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Individual expectations and aggregate macro behavior
Assenza, Tiziana; Heemeijer, Peter; Hommes, Cars H.; … - 2013
Persistent link: https://www.econbiz.de/10010191431
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Correlation neglect in belief formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010211474
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Yesterday's expectation of tomorrow determines what you do today: the role of reference-dependent utility from expectations
Matthey, Astrid - 2008
The paper introduces the concept of adjustment utility, that is, referencedependent utility from expectations. It offers an explanation for observed preferences that cannot be explained with existing models, and yields new predictions for individual decision making. The model gives a simple...
Persistent link: https://www.econbiz.de/10010263858
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Individual Expectations and Aggregate Macro Behavior
Assenza, Tiziana; Heemeijer, Peter; Hommes, Cars; … - 2013
, within a standard New Keynesian model, by means of laboratory experiments with human subjects. Three aggregate outcomes are …
Persistent link: https://www.econbiz.de/10010326142
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Beyond information : disclosure, distracted attention, and investor behavior
Hillenbrand, Adrian; Schmelzer, André - 2015 - Working paper version: December 2015
investment behavior. In our experiment, subjects decide about investments into real-life mutual funds. We find that subjects …
Persistent link: https://www.econbiz.de/10011416914
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What point of a distribution summarises point predictions?
Kröger, Sabine; Pierrot, Thibaud - 2019
of an iid random variable. We set up a laboratory experiment where the participants act as forecasters predicting the … their central tendencies. As is standard in survey measures, the subjects in our experiment must report their best guess of … the experiment are based on a percentile while almost 60% are based on a numerical value. …
Persistent link: https://www.econbiz.de/10012115998
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Comparison of different question formats eliciting point predictions
Kröger, Sabine; Pierrot, Thibaud - 2019
laboratory experiment in which the participants act as forecasters and are asked to predict the next realisation of iid random …
Persistent link: https://www.econbiz.de/10012115999