Article ID Journal Published Year Pages File Type
5057701 Economics Letters 2017 4 Pages PDF
Abstract

•Biased overweighting of good news relative to bad news is tested in the lab.•News are related to financially desirable but ego-irrelevant events.•No evidence of asymmetric updating in favor of good or bad news is found.

I study, in an experimental setting, how individuals process news regarding the likelihood of an event that is desirable, but not ego-relevant. I hypothesize that individuals biasedly favor good news over bad news, but find no support for this hypothesis.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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