| 来源类型 | Discussion paper
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| 规范类型 | 论文
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| 来源ID | DP12546
|
| DP12546 On Second Thoughts, Selective Memory, and Resulting Behavioral Biases |
| jakub steiner; Philippe Jehiel
|
| 发表日期 | 2017-12-27
|
| 出版年 | 2017
|
| 语种 | 英语
|
| 摘要 | A proposed model of information processing generates a prediction about the constrained-optimal stochastic choice that is robust to details of the feasible information structures. A decision-maker processes payoff-relevant information until she reaches her cognitive constraint, at which point she either terminates the decision-making and chooses an action, or restarts the process. By conditioning the probability of termination on the information collected, she controls the correlation between the payoff state and her terminal action. The constrained-optimal choice rule exhibits (i) confirmation bias, (ii) speed-accuracy complementarity, (iii) overweighting of rare events, and (iv) salience effect. |
| 主题 | Industrial Organization
|
| URL | https://cepr.org/publications/dp12546
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| 来源智库 | Centre for Economic Policy Research (United Kingdom)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541357
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推荐引用方式
GB/T 7714 |
jakub steiner,Philippe Jehiel. DP12546 On Second Thoughts, Selective Memory, and Resulting Behavioral Biases. 2017.
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