Arbeitspapier
Vision and flexibility in a model of cognitive dissonance
This paper explores the consequences of cognitive dissonance, coupled with timeinconsistent preferences, in an intertemporal decision problem with two distinct goals: acting decisively on early information (vision) and adjusting flexibly to late information (flexibility). The decision maker considered here is capable of manipulating information to serve her self-interests, but a tradeoff between distorted beliefs and distorted actions constrains the extent of information manipulation. Building on this tradeoff, the present model provides a unified framework to account for the conformity bias (excessive reliance on precedents) and the confirmatory bias (excessive attachment to initial perceptions).
- Language
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Englisch
- Bibliographic citation
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Series: ISER Discussion Paper ; No. 771
- Classification
-
Wirtschaft
- Subject
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Cognitive dissonance
Vision
Flexibility
Conformity bias
Confirmatory bias
Kognition
Zeitpräferenz
Entscheidungstheorie
- Event
-
Geistige Schöpfung
- (who)
-
Ishida, Junichiro
- Event
-
Veröffentlichung
- (who)
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Osaka University, Institute of Social and Economic Research (ISER)
- (where)
-
Osaka
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ishida, Junichiro
- Osaka University, Institute of Social and Economic Research (ISER)
Time of origin
- 2010
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