Expectation formation under uninformative signals
How do individuals process nondiagnostic information? According to Bayes’ theorem, signals that do not carry relevant information are treated as if no signal occurred. This paper provides evidence that individuals update their expectations even after observing uninformative signals. Importantly, the...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article (Journal) |
| Language: | English |
| Published: |
September 25, 2024
|
| In: |
Management science
Year: 2025, Volume: 71, Issue: 6, Pages: 5123-5141 |
| ISSN: | 1526-5501 |
| DOI: | 10.1287/mnsc.2023.03367 |
| Subjects: | |
| Online Access: | Resolving-System, lizenzpflichtig, Volltext: https://doi.org/10.1287/mnsc.2023.03367 Verlag, lizenzpflichtig, Volltext: https://pubsonline.informs.org/doi/10.1287/mnsc.2023.03367 
|
| Author Notes: | Pascal Kieren, Martin Weber |
Search Result 1
Expectation formation under uninformative signals
SSRN 17 Nov 2022
Book/Monograph
Working Paper
Online Resource