Belief updating: does the ‘good-news, bad-news’ asymmetry extend to purely financial domains?
Kai Barron · 2020 · Experimental Economics
WASTE classifies this as Negative / Null Result Report · AI classification, approximate
The study found no significant effect — useful as a negative control or null benchmark for your own design.
Abstract
Abstract Bayes’ statistical rule remains the status quo for modeling belief updating in both normative and descriptive models of behavior under uncertainty. Some recent research has questioned the use of Bayes’ rule in descriptive models of behavior, presenting evidence that people overweight ‘good news’ relative to ‘bad news’ when updating ego-relevant beliefs. In this paper, we present experimental evidence testing whether this ‘good-news, bad-news’ effect is present in a financial decision making context (i.e. a domain that is important for understanding much economic decision making). We f
Abstract by Kai Barron, Experimental Economics (2020) — licensed CC BY 4.0.
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Metadata source: OpenAlex · DOI 10.1007/s10683-020-09653-z