Author: Sandra LudwigPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Essays on the Effects of Information on Incentives and on People's Awareness and Assessment of Biases
Author: Sandra LudwigEssays on Information and Incentives
Author: Wei LiPublisher:
ISBN:
Category :
Languages : en
Pages : 148
Book Description
(Cont.) The third chapter models how people's improving ability to observe the state of the world interacts with their incentive to reveal their information truthfully. A principal makes a decision based on a sequence of reports from an agent with reputational concerns. Agents with privately known ability receive signals of different initial quality, as well as varying speed of quality improvement. Thus both the accuracy and the sequencing of the reports affect the principal's perception of the agent's ability. This paper has three main findings. First, in equilibrium, mind changes or inconsistent reports may be more valued by the market as a sign of talent and fast improvement, yet mediocre agents still repeat their early opinion more frequently because they have less relative confidence in their signal quality improvement. Second, sequential reporting can be superior to a final reporting system ...
Essays on the Effects of Asymmetric Information and Behavioral Biases
Author: Benedikt MihmJudgment Under Uncertainty
Author: Daniel KahnemanPublisher: Cambridge University Press
ISBN: 9780521284141
Category : Psychology
Languages : en
Pages : 574
Book Description
Thirty-five chapters describe various judgmental heuristics and the biases they produce, not only in laboratory experiments, but in important social, medical, and political situations as well. Most review multiple studies or entire subareas rather than describing single experimental studies.
Selected Papers from the 5th International Electronic Conference on Sensors and Applications
Author: Francisco FalconePublisher: MDPI
ISBN: 3039288490
Category : Technology & Engineering
Languages : en
Pages : 392
Book Description
This Special Issue comprises selected papers from the proceedings of the 5th International Electronic Conference on Sensors and Applications, held on 15–30 November 2018, on sciforum.net, an online platform for hosting scholarly e-conferences and discussion groups. In this 5th edition of the electronic conference, contributors were invited to provide papers and presentations from the field of sensors and applications at large, resulting in a wide variety of excellent submissions and topic areas. Papers which attracted the most interest on the web or that provided a particularly innovative contribution were selected for publication in this collection. These peer-reviewed papers are published with the aim of rapid and wide dissemination of research results, developments, and applications. We hope this conference series will grow rapidly in the future and become recognized as a new way and venue by which to (electronically) present new developments related to the field of sensors and their applications.
Analysts' Incentive- and Cognitive-Based Processing Biases
Author: Ruei-Shian WuPublisher:
ISBN:
Category :
Languages : en
Pages : 44
Book Description
This paper examines how incentive-based and behavior-based variables affect analyst recommendation revisions. Specifically, we use duration analysis to test analysts' underreaction to new information by isolating effects of incentives and cognitive processing biases (i.e., cognitive dissonance and conservatism) on the timing of their recommendation revisions. In an unconditioned circumstance, the results show that analysts are not biased against conveying negative signals. However, when we control for favorable preceding recommendations, we find that analysts delay conveying bad news, which is consistent with the incentives and cognitive dissonance hypotheses. When we control for unfavorable preceding recommendations, the results show that analysts delay conveying good news, which is only consistent with the cognitive dissonance hypothesis. We also find that analysts delay their responses to new favorable information for outperformers from which they have received low representative information relative to high representative information. Our results provide direct evidence that analysts' underreaction to new information is compounded by the effect of conservatism, which suggests that individuals do not update their beliefs adequately in the face of new evidence.
Thinking, Fast and Slow
Author: Daniel KahnemanPublisher: Farrar, Straus and Giroux
ISBN: 1429969350
Category : Psychology
Languages : en
Pages : 511
Book Description
Major New York Times bestseller Winner of the National Academy of Sciences Best Book Award in 2012 Selected by the New York Times Book Review as one of the ten best books of 2011 A Globe and Mail Best Books of the Year 2011 Title One of The Economist's 2011 Books of the Year One of The Wall Street Journal's Best Nonfiction Books of the Year 2011 2013 Presidential Medal of Freedom Recipient Kahneman's work with Amos Tversky is the subject of Michael Lewis's The Undoing Project: A Friendship That Changed Our Minds In his mega bestseller, Thinking, Fast and Slow, Daniel Kahneman, the renowned psychologist and winner of the Nobel Prize in Economics, takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation—each of these can be understood only by knowing how the two systems shape our judgments and decisions. Engaging the reader in a lively conversation about how we think, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. He offers practical and enlightening insights into how choices are made in both our business and our personal lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. Winner of the National Academy of Sciences Best Book Award and the Los Angeles Times Book Prize and selected by The New York Times Book Review as one of the ten best books of 2011, Thinking, Fast and Slow is destined to be a classic.
Judgment and Decision Making
Author: David HardmanPublisher: John Wiley & Sons
ISBN: 1405123982
Category : Psychology
Languages : en
Pages : 246
Book Description
Judgment and Decision Making is a refreshingly accessible text that explores the wide variety of ways people make judgments. An accessible examination of the wide variety of ways people make judgments Features up-to-date theoretical coverage, including perspectives from evolutionary psychology and neuroscience Covers dynamic decision making, everyday decision making, individual differences, group decision making, and the nature of mind and brain in relation to judgment and decision making Illustrates key concepts with boxed case studies and cartoons
Advances in Telephone Survey Methodology
Author: James M. LepkowskiPublisher: John Wiley & Sons
ISBN: 0470173394
Category : Mathematics
Languages : en
Pages : 704
Book Description
A complete and comprehensive collaboration providing insight on future approaches to telephone survey methodology Over the past fifteen years, advances in technology have transformed the field of survey methodology, from how interviews are conducted to the management and analysis of compiled data. Advances in Telephone Survey Methodology is an all—encompassing and authoritative resource that presents a theoretical, methodological, and statistical treatment of current practices while also establishing a discussion on how state—of—the—art developments in telecommunications have and will continue to revolutionize the telephone survey process. Seventy—five prominent international researchers and practitioners from government, academic, and private sectors have collaborated on this pioneering volume to discuss basic survey techniques and introduce the future directions of the telephone survey. Concepts and findings are organized in four parts—sampling and estimation, data collection, operations, and nonresponse—equipping the reader with the needed practical applications to approach issues such as choice of target population, sample design, questionnaire construction, interviewing training, and measurement error. The book also introduces important topics that have been overlooked in previous literature, including: The impact of mobile telephones on telephone surveys and the rising presence of mobile—only households worldwide The design and construction of questionnaires using Computer Assisted Telephone Interviewing (CATI) software The emerging use of wireless communication and Voice over Internet Protocol (VoIP) versus the telephone Methods for measuring and improving interviewer performance and productivity Privacy, confidentiality, and respondent burden as main factors in telephone survey nonresponse Procedures for the adjustment of nonresponse in telephone surveys In—depth reviews of the literature presented along with a full bibliography, assembled from references throughout the world Advances in Telephone Survey Methodology is an indispensable reference for survey researchers and practitioners in almost any discipline involving research methods such as sociology, social psychology, survey methodology, and statistics. This book also serves as an excellent text for courses and seminars on survey methods at the undergraduate and graduate levels.
Processes of Prejudice
Author: Dominic AbramsPublisher:
ISBN: 9781842062708
Category : Discrimination
Languages : en
Pages : 111
Book Description