Earnings and hindsight bias: An experimental study

Patricia Chelley-Steeley, Brian D. Kluger and James Steeley

Economics Letters, 2015, vol. 134, issue C, 130-132

Abstract: We conduct prediction experiments where subjects estimate, and later reconstruct probabilities of upcoming events. Subjects also value state-contingent claims on these events. We find that hindsight bias is greater for events where subjects earned more money.

Keywords: Hindsight bias; Behavioral finance; Experimental finance (search for similar items in EconPapers)
JEL-codes: G02 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:134:y:2015:i:c:p:130-132

DOI: 10.1016/j.econlet.2015.07.005

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