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Simultaneous versus sequential information processing

Ross M. Hoffman, John Kagel () and Dan Levin ()

Economics Letters, 2011, vol. 112, issue 1, 16-18

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 (search for similar items in EconPapers)
Date: 2011
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