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Do Biases in Probability Judgment Matter in Markets? Experimental Evidence
7 references·16 citing·44 second hop
Do Biases in Probability Judgment Matter in Markets? Experimental Evidence (1987)Do Biases in Probability Judgment Matter …Judgment and Decision Making: An Interdisciplinary Reader (1999)Judgment and Decision Making:…Judgment Under Uncertainty: Heuristics and Biases. (1984)Judgment Under Uncertainty: H…RISK PERCEPTION IN PSYCHOLOGY AND ECONOMICS (1982)RISK PERCEPTION IN PSYCHOLOGY…Judgments of and by representativeness (1982)Judgments of and by represent…Conservatism in human information processing (1982)Conservatism in human informa…Bayes Rule as a Descriptive Model: The Representativeness Heuristic (1980)Bayes Rule as a Descriptive M…Judgment under Uncertainty: Heuristics and Biases (1975)Judgment under Uncertainty: H…Throwing Good Money after Bad? Political and Institutional Influences on Sequential Decision Making in the Venture Capital Industry (2007)Throwing Good Money after Bad…Judgemental Overconfidence, Self-Monitoring, and Trading Performance in an Experimental Financial Market (2005)Judgemental Overconfidence, S…Extended discrete choice models : integrated framework, flexible error structures, and latent variables (2001)Extended discrete choice mode…Strategic Benchmarks in Earnings Announcements: The Selective Disclosure of Prior-Period Earnings Components (2000)Strategic Benchmarks in Earni…The Winner's Curse and Public Information in Common Value Auctions: Reply (1999)The Winner's Curse and Public…The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework (1999)The Effects of Financial Ince…Bounded Rationality in Individual Decision Making (1998)Bounded Rationality in Indivi…Chapter 13 Financial decision-making in markets and firms: A behavioral perspective (1995)Chapter 13 Financial decision…Behavioral Capital Asset Pricing Theory (1994)Behavioral Capital Asset Pric…Boom, Bust, and Failures to Learn in Experimental Markets (1993)Boom, Bust, and Failures to L…Betting on trends: Intuitive forecasts of financial risk and return (1993)Betting on trends: Intuitive …Systems thinking and organizational learning: Acting locally and thinking globally in the organization of the future (1992)Systems thinking and organiza…Aspiration Level Adaptation: An Empirical Exploration (1992)Aspiration Level Adaptation: …The Curse of Knowledge in Economic Settings: An Experimental Analysis (1989)The Curse of Knowledge in Eco…Laboratory Experimentation in Economics: A Methodological Overview (1988)Laboratory Experimentation in…Experimental Tests of a Sequential Equilibrium Reputation Model (1988)Experimental Tests of a Seque…Subjective probability: A judgment of representativeness (1972)Availability: A heuristic for judging frequency and probability (1973)On the psychology of prediction. 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(1997)Reflective and Impulsive Determinants of Social Behavior (2004)A framework for examining leadership in extreme contexts (2009)Those Who Understand: Knowledge Growth in Teaching (1986)The weirdest people in the world? (2010)A model of investor sentiment /The Intuitive Psychologist And His Shortcomings: Distortions in the Attribution Process (1977)A model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.1 (1998)
this work references cited by second hop

References

  • 1975Judgment under Uncertainty: Heuristics and Biases22,647 cited
  • 1984Judgment Under Uncertainty: Heuristics and Biases.5,656 cited
  • 1982Conservatism in human information processing1,004 cited
  • 1980Bayes Rule as a Descriptive Model: The Representativeness Heuristic821 cited
  • 1982Judgments of and by representativeness632 cited
  • 1982RISK PERCEPTION IN PSYCHOLOGY AND ECONOMICS544 cited
  • 1999Judgment and Decision Making: An Interdisciplinary Reader345 cited

Cited by

  • 1999The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework1,547 cited
  • 1989The Curse of Knowledge in Economic Settings: An Experimental Analysis755 cited
  • 1993Betting on trends: Intuitive forecasts of financial risk and return586 cited
  • 1988Experimental Tests of a Sequential Equilibrium Reputation Model572 cited
  • 1992Systems thinking and organizational learning: Acting locally and thinking globally in the organization of the future549 cited
  • 1992Aspiration Level Adaptation: An Empirical Exploration521 cited
  • 1999The Winner's Curse and Public Information in Common Value Auctions: Reply514 cited
  • 2005Judgemental Overconfidence, Self-Monitoring, and Trading Performance in an Experimental Financial Market

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506 cited
  • 1994Behavioral Capital Asset Pricing Theory465 cited
  • 1995Chapter 13 Financial decision-making in markets and firms: A behavioral perspective383 cited
  • 2001Extended discrete choice models : integrated framework, flexible error structures, and latent variables359 cited
  • 1993Boom, Bust, and Failures to Learn in Experimental Markets341 cited
  • 2007Throwing Good Money after Bad? Political and Institutional Influences on Sequential Decision Making in the Venture Capital Industry337 cited
  • 1988Laboratory Experimentation in Economics: A Methodological Overview336 cited
  • 2000Strategic Benchmarks in Earnings Announcements: The Selective Disclosure of Prior-Period Earnings Components316 cited
  • 1998Bounded Rationality in Individual Decision Making298 cited