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Simultaneous versus sequential information processing |
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| Authors: | Ross M. Hoffman John H. Kagel Dan Levin |
| Affiliation: | a Department of Economics, Ohio State University, 1945 N. High Street, Columbus, OH 43210-1172, United States |
| Abstract: | Subjects update prior information simultaneously versus sequentially. The mean prediction is remarkably close to the correct Bayesian estimate with simultaneous information, but differs significantly conditional on whether good news precedes bad news or vice versa. |
| Keywords: | Information processing Sequential information Simultaneous information Bayesian updating |
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