| _version_ | 1866901917692592128 |
|---|---|
| author | Aydogan, Ilke |
| author_facet | Aydogan, Ilke |
| contents | <p>Belief-updating biases hinder the correction of inaccurate beliefs and lead to suboptimal decisions. We complement Rabin and Schrag’s (1999) portable extension of theBayesianmodelbyincludingconservatisminadditiontoconfirmatorybias. Additionally,weshowhowtoidentifythesetwoformsofbiasesfromchoices.Inan experiment, we found that the subjects exhibited confirmatory bias by misreading 19% of the signals that contradicted their priors. They were also conservative andacted as if they missed 28%ofthesignals.</p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_3982_QE2094 |
| institution | Zenodo |
| language | |
| publishDate | 2025 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | How much do we learn? Measuring symmetric and asymmetric deviations from Bayesian updating through choices Aydogan, Ilke <p>Belief-updating biases hinder the correction of inaccurate beliefs and lead to suboptimal decisions. We complement Rabin and Schrag’s (1999) portable extension of theBayesianmodelbyincludingconservatisminadditiontoconfirmatorybias. Additionally,weshowhowtoidentifythesetwoformsofbiasesfromchoices.Inan experiment, we found that the subjects exhibited confirmatory bias by misreading 19% of the signals that contradicted their priors. They were also conservative andacted as if they missed 28%ofthesignals.</p> |
| title | How much do we learn? Measuring symmetric and asymmetric deviations from Bayesian updating through choices |
| url | https://doi.org/10.3982/QE2094 |