| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP13510
|
| DP13510 Learning about one's self |
| Yves Le Yaouanq
|
| 发表日期 | 2019-02-05
|
| 出版年 | 2019
|
| 语种 | 英语
|
| 摘要 | How can naiveté about present bias persist despite experience? To answer this question, our experiment investigates participants’ ability to learn from their own behavior. Participants decide how much to work on a real effort task on two predetermined dates. In the week preceding each work date, they state their commitment preferences and predictions of future effort. While we find that participants are present biased and initially naive about their bias, our methodology enables us to establish that they are Bayesian in how they learn from their experience at the first work date. A treatment in which we vary the nature of the task at the second date further shows that learning is unencumbered by a change in environment. Our results suggest that persistent naiveté cannot be explained by a fundamental inferential bias. At the same time, we find that participants initially underestimate the information that their experience will provide - a bias that may lead to underinvestment in experimentation and a failure to activate self-regulation mechanisms. |
| 主题 | Industrial Organization
|
| 关键词 | Naivete
Present bias
Learning
Bayesian updating
|
| URL | https://cepr.org/publications/dp13510
|
| 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/542327
|
推荐引用方式
GB/T 7714 |
Yves Le Yaouanq. DP13510 Learning about one's self. 2019.
|
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