| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7274 |
| DP7274 EU Enlargement under Continued Mobility Restrictions: Consequences for the German Labor Market | |
| Klaus F. Zimmermann; Mutlu Yuksel; Karl Brenke | |
| 发表日期 | 2009-04-19 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Confirmation bias refers to cognitive errors that bias one towards one's own prior beliefs. A vast empirical literature documents its existence and psychologists identify it as one of the most problematic aspects of human reasoning. In this paper, we present three related scenarios where rational behaviour leads to outcomes that are observationally equivalent to different types of conformation bias. As an application, the model provides an explanation for how the reward structure in the financial services industry led to the seemingly irrational behaviour of bankers and other employees of financial institutions prior to the financial crisis of that erupted in the summer of 2007. |
| 主题 | International Macroeconomics |
| 关键词 | Belief persistence Confirmation bias Financial crisis Overconfidence Signalling |
| URL | https://cepr.org/publications/dp7274 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536111 |
| 推荐引用方式 GB/T 7714 | Klaus F. Zimmermann,Mutlu Yuksel,Karl Brenke. DP7274 EU Enlargement under Continued Mobility Restrictions: Consequences for the German Labor Market. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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