Simultaneous versus sequential information processing

Subjects update prior information simultaneously versus sequentially. The mean prediction is remarkably close to the correct Bayesian estimate with simultaneous information, but differs significantly conditional on whether good news precedes bad news or vice versa.

MoreLess

Year of publication:	2011
Authors:	Hoffman, Ross M. ; Kagel, John H. ; Levin, Dan
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 112.2011, 1, p. 16-18
Publisher:	Elsevier
Keywords:	Information processing Sequential information Simultaneous information Bayesian updating

More details

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009146167