Earnings and hindsight bias: an experimental study

Patricia L. Chelley-steeley, Brian D. Kluger, James M. Steeley

Research output: Contribution to journalArticlepeer-review

Abstract

We conduct prediction experiments where subjects estimate, and later reconstruct probabilities of up-coming events. Subjects also value state-contingent claims on these events. We find that hindsight bias is greater for events where subjects earned more money
Original languageEnglish
Pages (from-to)130-132
Number of pages3
JournalEconomics Letters
Volume134
Early online date14 Jul 2015
DOIs
Publication statusPublished - Sep 2015

Keywords

  • hindsight bias
  • behavioral finance
  • experimental finance

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