Simultaneous versus sequential information processing
AbstractSubjects 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.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 112 (2011)
Issue (Month): 1 (July)
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Web page: http://www.elsevier.com/locate/ecolet
Information processing Sequential information Simultaneous information Bayesian updating;
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- Poinas, François & Rosaz, Julie & Roussillon, Béatrice, 2012.
"Updating Beliefs with Imperfect Signals: Experimental Evidence,"
Open Access publications from University of Toulouse 1 Capitole
http://neeo.univ-tlse1.fr, University of Toulouse 1 Capitole.
- François Poinas & Julie Rosaz & Béatrice Roussillon, 2012. "Updating beliefs with imperfect signals: Experimental evidence," Journal of Risk and Uncertainty, Springer, vol. 44(3), pages 219-241, June.
- François Poinas & Julie Rosaz & Béatrice Roussillon, 2010. "Updating beliefs with imperfect signals : experimental evidence," Working Papers 1033, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure.
- François Poinas & Julie Rosaz & Béatrice Roussillon, 2010. "Updating beliefs with imperfect signals: experimental evidence," Post-Print halshs-00550350, HAL.
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