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This paper examines the potential reinforcement of motivated beliefs when individuals with identical biases communicate. We propose a controlled online experiment that allows to manipulate belief biases and the communication environment. We find that communication, even among like-minded...
Persistent link: https://www.econbiz.de/10014467686
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financial traders individually learn how to use forecasting and/or trading anchor-and-adjustment heuristics by updating them …
Persistent link: https://www.econbiz.de/10012894616
(4) a characterization of the mean, median and empirical distribution of forecasting heuristics. The median of the … distribution of GA forecasting heuristics can be used in designing or validating simple Heuristic Switching Model …
Persistent link: https://www.econbiz.de/10013018941
financial traders individually learn how to use forecasting and/or trading anchor-and-adjustment heuristics by updating them …
Persistent link: https://www.econbiz.de/10011956452
models accurately predict behavior. A further objective is to determine which heuristics, or rules of thumb, when …
Persistent link: https://www.econbiz.de/10014087918
finance, it is usually modeled as a direct consequence of misperceiving signal reliability. This bias is typically dubbed …-established miscalibration bias. We find no gender differences in overconfidence for our measures except for one, where women are more …
Persistent link: https://www.econbiz.de/10010281612
Most economic models assume that individuals act out their preferences based on their own self interest. However there have also been other paradigms in the economics literature that have tried to capture alternative manifestations of human behavior that include fairness. This study examines...
Persistent link: https://www.econbiz.de/10005747935
Highway assistance services, also called the freeway service patrols (FSPs), are one of the main approaches used by incident management programs. The objective of this study was to investigate the factors that contribute to people choosing to rely on the highway assistance services (FSP) in...
Persistent link: https://www.econbiz.de/10005747942
Firms often face choices about when to upgrade and what to upgrade to. We discuss this in the context of upgrading to a new technology (for example, a new computer system), but it applies equally to the upgrading of processes (for example, a new organizational structure) or to individual choices...
Persistent link: https://www.econbiz.de/10003882877