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来源类型Working Paper
规范类型报告
DOI10.3386/w17477
来源IDWorking Paper 17477
Sticking with What (Barely) Worked
Lars Lefgren; Brennan Platt; Joseph Price
发表日期2011-10-06
出版年2011
语种英语
摘要Outcome bias occurs when an evaluator considers ex-post outcomes when judging whether a choice was correct, ex-ante. We formalize this cognitive bias in a simple model of distorted Bayesian updating. We then examine strategy changes made by professional football coaches. We find they are more likely to revise their strategy after a loss than a win -- even for narrow losses, which are uninformative about future success. This increased revision following a loss occurs even when a loss was expected, and the offensive strategy is revised even when failure is attributable to the defense. These results are consistent with our model's predictions.
主题Econometrics ; Estimation Methods ; Microeconomics ; Behavioral Economics ; Economics of Information ; Industrial Organization ; Industry Studies
URLhttps://www.nber.org/papers/w17477
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/575152
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Lars Lefgren,Brennan Platt,Joseph Price. Sticking with What (Barely) Worked. 2011.
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