Positive confirmation in rational and irrational learning
AbstractA new experiment is reported which tests for positive confirmation bias when subjects learn about a rule. The experiment reveals strong evidence of positive confirmation bias and corresponding violations of expected utility. This evidence for positive confirmation not only covers the search for evidence but also the use of it in making decisions. These results are consistent with and expand on previous results on the subject.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).
Volume (Year): 37 (2008)
Issue (Month): 3 (June)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/620175
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Martin Jones & Robert Sugden, 2001.
"Positive confirmation bias in the acquisition of information,"
Theory and Decision,
Springer, vol. 50(1), pages 59-99, February.
- Martin Jones & Robert Sugden, 2000. "Positive Confirmation Bias in the Acquisition of Information," Dundee Discussion Papers in Economics 115, Economic Studies, University of Dundee.
- Loomes, Graham & Sugden, Robert, 1995. "Incorporating a stochastic element into decision theories," European Economic Review, Elsevier, vol. 39(3-4), pages 641-648, April.
- Borgers, Tilman, 1996. "On the Relevance of Learning and Evolution to Economic Theory," Economic Journal, Royal Economic Society, vol. 106(438), pages 1374-85, September.
- Reinhard Selten & Abdolkarim Sadrieh & Klaus Abbink, 1999.
"Money Does Not Induce Risk Neutral Behavior, but Binary Lotteries Do even Worse,"
Theory and Decision,
Springer, vol. 46(3), pages 213-252, June.
- Selten, Reinhard & Abdolkarim Sadrieh & Klaus Abbink, 1995. "Money does Not Induce Risk Neutral Behavior, but Binary Lotteries Do even Worse," Discussion Paper Serie B 343, University of Bonn, Germany.
- Ertac, Seda, 2011. "Does self-relevance affect information processing? Experimental evidence on the response to performance and non-performance feedback," Journal of Economic Behavior & Organization, Elsevier, vol. 80(3), pages 532-545.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.