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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
-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …
Persistent link: https://www.econbiz.de/10010403249
Persistent link: https://www.econbiz.de/10010191431
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
negotiation situations. We report the results of a laboratory experiment that was designed to isolate the effect of the curse of …
Persistent link: https://www.econbiz.de/10012104838
negotiation situations. We report the results of a laboratory experiment that was designed to isolate the effect of the curse of …
Persistent link: https://www.econbiz.de/10012129125
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
juniors (under 30) and seniors (over 50) in both experiments conducted onsite with theemployees of two large firms and in a …
Persistent link: https://www.econbiz.de/10005863328
ethnic minorities based on field experiments using fictitious applications. However, these findings may be exaggerated as the … names used for ethnic minorities in various experiments may have also signaled low socioeconomic class. Therefore, in this … study, we perform a name categorization experiment in the United States that yields 56 names associated with six ethnicity …
Persistent link: https://www.econbiz.de/10013358948
Persistent link: https://www.econbiz.de/10010191021