formalize this cognitive bias in a simple model of distorted Bayesian updating. We then examine strategy changes made by … professional football coaches. We find they are more likely to revise their strategy after a loss than a win -- even for narrow … expected, and the offensive strategy is revised even when failure is attributable to the defense. These results are consistent …

formalize this cognitive bias in a simple model of distorted Bayesian updating. We then examine strategy changes made by … professional basketball coaches. We find they are more likely to revise their strategy after a loss than a win — even for narrow … losses, which are uninformative about team effectiveness. This increased strategy revision following a loss occurs even when …

previous Boston mechanism, a priority matching mechanism, and the case in favor of the change to a strategy-proof mechanism … unassigned students could have been assigned to one of their stated choices with a different strategy under the current mechanism …. This interaction between sophisticated and unsophisticated players identifies a new rationale for strategy-proof mechanisms …

-ante. We formalize this cognitive bias in a simple model of distorted Bayesian updating. We then examine strategy changes made … by professional football coaches. We find they are more likely to revise their strategy after a loss than a win - even … a loss was expected, and the offensive strategy is revised even when failure is attributable to the defense. These …