Earnings and hindsight bias: an experimental study

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

doi:10.1016/j.econlet.2015.07.005

Earnings and hindsight bias: an experimental study

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

University of Cincinnati

Research output: Contribution to journal › Article › peer-review

5 Citations (SciVal)

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 language	English
Pages (from-to)	130-132
Number of pages	3
Journal	Economics Letters
Volume	134
Early online date	14 Jul 2015
DOIs	https://doi.org/10.1016/j.econlet.2015.07.005
Publication status	Published - Sept 2015

Keywords

hindsight bias
behavioral finance
experimental finance

Access to Document

10.1016/j.econlet.2015.07.005

Cite this

@article{8d8a5dabbe49455c81ffd4ff66b88357,

title = "Earnings and hindsight bias: an experimental study",

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",

keywords = "hindsight bias, behavioral finance, experimental finance",

author = "Chelley-steeley, \{Patricia L.\} and Kluger, \{Brian D.\} and Steeley, \{James M.\}",

year = "2015",

month = sep,

doi = "10.1016/j.econlet.2015.07.005",

language = "English",

volume = "134",

pages = "130--132",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier",

}

TY - JOUR

T1 - Earnings and hindsight bias

T2 - an experimental study

AU - Chelley-steeley, Patricia L.

AU - Kluger, Brian D.

AU - Steeley, James M.

PY - 2015/9

Y1 - 2015/9

N2 - 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

AB - 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

KW - hindsight bias

KW - behavioral finance

KW - experimental finance

U2 - 10.1016/j.econlet.2015.07.005

DO - 10.1016/j.econlet.2015.07.005

M3 - Article

SN - 0165-1765

VL - 134

SP - 130

EP - 132

JO - Economics Letters

JF - Economics Letters

ER -

Earnings and hindsight bias: an experimental study

Abstract

Keywords

Access to Document

Fingerprint

Cite this