TY - UNPB
T1 - Dundee Discussion Papers in Economics 150
T2 - Positive confirmation in rational and irrational learning
AU - Jones, Martin
N1 - This paper was also published by Elsevier in Journal of Socio-Economics, Vol. 37 (3), pp. 1029-1046
PY - 2003
Y1 - 2003
N2 - An experiment is reported which tests for positive confirmation bias in a setting in which a person can make decisions about which evidence to select to test a rule. The experiment reveals strong evidence of positive confirmation bias and a tendency not to choose the Bayesian- optimal selection of information. There is also evidence that the information, once selected, is used in a pattern of reasoning which, while sub- optimal, is internally coherent. These results are consistent with and expand on previous results on the subject.
AB - An experiment is reported which tests for positive confirmation bias in a setting in which a person can make decisions about which evidence to select to test a rule. The experiment reveals strong evidence of positive confirmation bias and a tendency not to choose the Bayesian- optimal selection of information. There is also evidence that the information, once selected, is used in a pattern of reasoning which, while sub- optimal, is internally coherent. These results are consistent with and expand on previous results on the subject.
M3 - Discussion paper
T3 - Dundee Discussion Papers in Economics
BT - Dundee Discussion Papers in Economics 150
PB - University of Dundee
ER -