Economists examine how people infer, revise beliefs in face of new information
When people hear something new about a topic, they should update their beliefs to reflect the new information. But many people either underreact or overreact, with their responses varying based on different factors, including the environment. In "The Inference-Forecast Gap in Bel
When people hear something new about a topic, they should update their beliefs to reflect the new information. But many people either underreact or overreact, with their responses varying based on different factors, including the environment. In "The Inference-Forecast Gap in Bel This story matters for Science & Discovery readers tracking student. Reported by phys.org. Read the full original at the source link below.
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