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Rational Learning and Information Sampling: On the ‘Naivety’ Assumption in Sampling Explanations of Judgment Biases

Abstract:

Recent research has argued that several well-known judgment biases may be due to biases in the available information sample rather than to biased information processing. Most of these sample-based explanations assume that decision makers are “naive”: They are not aware of the biases in the available information sample and do not correct for them. Here, we show that this “naivety” assumption is not necessary. Systematically biased judgments can emerge even when decision makers process availabl...

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Publication date:
2011-04-01
UUID:
uuid:110aed00-ac05-4211-985f-8fa621e16082
Local pid:
oai:eureka.sbs.ox.ac.uk:981
Deposit date:
2011-10-26

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