LaRiviere, Jacob; Czajkowski, Mikołaj; Hanley, Nick; … - Wydział Nauk Ekonomicznych, Uniwersytet Warszawski - 2015
We use a novel field experiment which jointly tests two implicit assumptions of updating models in a joint framework: that new information leads to new knowledge and that new knowledge can affect economic decisions. In the experiment, we elicit subjects’ prior knowledge state about a good’s...