Descamps, A., Massoni, S. And Page, L. (2018), ‘Optimal Hesitation, An Experiment’, Queensland Behavioural Economics Group, Work.pdf

Optimal Hesitation.pdf
Preview of Descamps, A., Massoni, S. and Page, L. (2018), ‘Optimal hesitation, an experiment’, Queensland Behavioural Economics Group, work
🔗 Source: external-apps.qut.edu.au
📊 Size: 2.63 MB
📄 Pages: 48 pages
⬇️ Downloads: 43

Summary

Researchers investigated how people make choices when unsure about option values, finding that participants deviate from the optimal strategy by acquiring too much information when it's costly and not enough when it's cheap, resulting in a 10-25% loss of potential payoffs, with confirmation bias being a likely explanation.

Description

Researchers investigated how people make choices when unsure about option values, finding that participants deviate from the optimal strategy by acquiring too...

Technical Information

  • File Format: PDF
  • File Size: 2.63 MB
  • Pages: 48
  • Language: EN
  • Total Downloads: 43
  • Last Updated: 3 months ago

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