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Expectation formation under uninformative signals

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How do individuals process non-diagnostic information? According to Bayes’ Theorem, signals which do not carry relevant information about the objective state of the world are treated as if no signal occurred. This paper provides experimental evidence that individuals update their expectations even a...

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Main Authors: Kieren, Pascal (Author) , Weber, Martin (Author)
Format: Book/Monograph Working Paper
Language:English
Published: [S.l.] SSRN 17 Nov 2022
DOI:10.2139/ssrn.3971733
Online Access:Verlag, kostenfrei: https://ssrn.com/abstract=3971733
Resolving-System, kostenfrei: https://doi.org/10.2139/ssrn.3971733
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Author Notes:Pascal Kieren, Martin Weber
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Expectation formation under uninformative signals by Kieren, Pascal (Author) , Weber, Martin (Author) ,


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