1 option
Beliefs of Others: an Experiment / Marina Agranov, Polina Detkova.
- Format:
- Book
- Author/Creator:
- Agranov, Marina.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w33261.
- NBER working paper series no. w33261
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2024.
- Summary:
- We study how people think others update their beliefs upon encountering new evidence. We find that when two individuals share the same prior, one believes that new evidence cannot systematically shift the other's beliefs in either direction (Martingale property). When the two have different priors, people think that any information brings others' expected posteriors closer to their own prior, but this adjustment is less responsive to information quality than theory predicts. We identify the primary cause of this insensitivity and discuss the implications of our findings for strategic games with asymmetric information, information design, and, more broadly, for understanding societal polarization.
- Notes:
- December 2024.
- Print version record
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.