Ontology highlight
ABSTRACT:
SUBMITTER: Buser T
PROVIDER: S-EPMC6445505 | biostudies-literature | 2018
REPOSITORIES: biostudies-literature
Buser Thomas T Gerhards Leonie L van der Weele Joël J
Journal of risk and uncertainty 20180510 2
We investigate individual heterogeneity in the tendency to under-respond to feedback ("conservatism") and to respond more strongly to positive compared to negative feedback ("asymmetry"). We elicit beliefs about relative performance after repeated rounds of feedback across a series of cognitive tests. Relative to a Bayesian benchmark, we find that subjects update on average conservatively but not asymmetrically. We define individual measures of conservatism and asymmetry relative to the average ...[more]