An update on Bayesian updating

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2009
Volume: 69
Issue: 2
Pages: 125-134

Authors (2)

Holt, Charles A. (University of Virginia) Smith, Angela M. (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper reports an experiment in which subjects are asked to assess probabilities for unknown events, with treatments that vary the extremity of the prior information. Probabilities are elicited using a Becker-DeGroot-Marshak procedure that does not depend on assumptions about risk aversion. The focus is on the pattern of biases in information processing.

Technical Details

RePEc Handle
repec:eee:jeborg:v:69:y:2009:i:2:p:125-134
Journal Field
Theory
Author Count
2
Added to Database
2026-02-02