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Can information be too much? Information source selection and beliefs
Amelio, Andrea - 2023
Agents undertaking economic decisions are exposed to an ever-increasing amount of information sources. This paper investigates how the number of available information sources impacts agents' ability to (i) select reliable sources and (ii) use their content effectively to update their beliefs. To...
Persistent link: https://www.econbiz.de/10014475802
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Can information be too much? : information source selection and beliefs
Amelio, Andrea - 2023
Agents undertaking economic decisions are exposed to an ever-increasing amount of information sources. This paper investigates how the number of available information sources impacts agents' ability to (i) select reliable sources and (ii) use their content effectively to update their beliefs. To...
Persistent link: https://www.econbiz.de/10014416234
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On the complexity of forming mental models
Kendall, Chad; Oprea, Ryan - In: Quantitative Economics 15 (2024) 1, pp. 175-211
complexity metrics, we find that all three patterns are well organized by metrics suggested by Lipman (1995) and Gabaix (2014 …
Persistent link: https://www.econbiz.de/10014536981
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Complexity and Narrow Bracketing in Credit Choice
Kalaycı, Kenan; Serra-Garcia, Marta - 2012
We examine experimentally the effect of complexity on individual decision making. We focus on credit choices, as they … have been widely criticized for their complexity in recent years. In a first study, we find that complexity in benefits … leads to random mistakes, while complexity in costs leads to a specific mistake: choosing a high-benefit loan, with very …
Persistent link: https://www.econbiz.de/10010427626
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Complexity and Biases
Kalaycı, Kenan; Serra-Garcia, Marta - Volkswirtschaftliche Fakultät, … - 2012
We examine experimentally the effect of complexity on individual decision making. We focus on credit choices, as they … have been widely criticized for their complexity in recent years. In a first study, we find that complexity in benefits … leads to random mistakes, while complexity in costs leads to a specific mistake: choosing a high-benefit loan, with very …
Persistent link: https://www.econbiz.de/10011210868
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Complexity and narrow bracketing in credit choice
Kalaycı, Kenan; Serra-Garcia, Marta - 2012
We examine experimentally the effect of complexity on individual decision making. We focus on credit choices, as they … have been widely criticized for their complexity in recent years. In a first study, we find that complexity in benefits … leads to random mistakes, while complexity in costs leads to a specific mistake: choosing a high-benefit loan, with very …
Persistent link: https://www.econbiz.de/10009569514
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On the complexity of forming mental models
Kendall, Chad; Oprea, Ryan - In: Quantitative economics : QE ; journal of the … 15 (2024) 1, pp. 175-211
complexity metrics, we find that all three patterns are well organized by metrics suggested by Lipman (1995) and Gabaix (2014 …
Persistent link: https://www.econbiz.de/10014496993
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Pseudo-NK: An enhanced model of complexity
Valente, Marco - 2008
the complexity stemming from interactions among components of a system. For this reason NK models have been applied in … complexity. However, the paper suggests that NK suffers from un-necessary limitations and difficulties due to its peculiar …
Persistent link: https://www.econbiz.de/10010328591
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Attention manipulation and information overload
Persson, Petra - 2013
When a decision-maker's attention is limited, her decisions depend on what she focuses on. This gives interested parties an incentive to manipulate not only the substance of communication but also the decision-maker's attention allocation. This paper models such attention manipulation. In its...
Persistent link: https://www.econbiz.de/10010335625
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How organizational hierarchy affects information production
Skrastins, Janis; Vig, Vikrant - 2015
This paper empirically investigates how organizational hierarchy affects the allocation of credit within a bank. Using an exogenous variation in organizational design, induced by a reorganization plan implemented in roughly 2,000 bank branches in India during 1999 - 2006, and employing a...
Persistent link: https://www.econbiz.de/10010516288