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来源类型Working Paper
规范类型报告
DOI10.3386/w25200
来源IDWorking Paper 25200
Errors in Probabilistic Reasoning and Judgment Biases
Daniel J. Benjamin
发表日期2018-10-29
出版年2018
语种英语
摘要Errors in probabilistic reasoning have been the focus of much psychology research and are among the original topics of modern behavioral economics. This chapter reviews theory and evidence on this topic, with the goal of facilitating more systematic study of belief biases and their integration into economics. The chapter discusses biases in beliefs about random processes, biases in belief updating, the representativeness heuristic as a possible unifying theory, and interactions between biased belief updating and other features of the updating situation. Throughout, I aim to convey how much evidence there is for (and against) each putative bias, and I highlight when and how different biases may be related to each other. The chapter ends by drawing general lessons for when people update too much or too little, reflecting on modeling challenges, pointing to areas of economics to which the biases are relevant, and highlighting some possible directions for future work.
主题Microeconomics ; Behavioral Economics
URLhttps://www.nber.org/papers/w25200
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/582874
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GB/T 7714
Daniel J. Benjamin. Errors in Probabilistic Reasoning and Judgment Biases. 2018.
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