Abstract
An experiment is reported which tests for positive confirmation bias in a setting in which individuals choose what information to buy, prior to making a decision. The design – an adaptation of Wason’s selection task – reveals the use that subjects make of information after buying it. Strong evidence of positive confirmation bias, in both information acquisition and information use, is found; and this bias is found to be robust to experience. It is suggested that the bias results from a pattern of reasoning which, although producing sub-optimal decisions, is internally coherent and which is self-reinforcing.
| Original language | English |
|---|---|
| Pages (from-to) | 59 |
| Number of pages | 99 |
| Journal | Theory and Decision |
| Volume | 50 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2001 |
Keywords
- Positive confirmation bias
- Selection task
- Information acquisition
Fingerprint
Dive into the research topics of 'Positive confirmation bias in the acquisition of information'. Together they form a unique fingerprint.Research output
- 138 Citations
- 1 Discussion paper
-
Dundee Discussion Papers in Economics 115: Positive confirmation bias in the acquisition of information
Jones, M. & Sugden, R., 2000, University of Dundee, (Dundee Discussion Papers in Economics; no. 115).Research output: Working paper/Preprint › Discussion paper
File
Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver