When Optimal Choices Feel Wrong: A Laboratory Study of Bayesian Updating, Complexity, and Affect

We examine decision-making under risk in a laboratory experiment. The heart of our design examines how one's propensity to use Bayes' rule is affected by whether this rule is aligned with reinforcement or clashes with it. In some cases, we create environments where Bayesian updating after...

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Vydané v:	The American economic review Ročník 95; číslo 4; s. 1300 - 1309
Hlavní autori:	Charness, Gary, Levin, Dan
Médium:	Journal Article
Jazyk:	English
Vydavateľské údaje:	Nashville American Economic Association 01.09.2005
Predmet:	Bayes rule Bayesian analysis Bayesian method Binomials Cost efficiency Decision making Decision theory Economic costs Economic theory Economics Emotions Error rates Errors Expected utility Experiments Game theory Heuristic Heuristics Investors Laboratories Payments Psychological reinforcement Reinforcement Risk Shorter Papers Studies Success Utility theory
ISSN:	0002-8282, 1944-7981
On-line prístup:	Získať plný text
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