Arbeitspapier
Belief updating among college students: Evidence from experimental variation in information
We investigate how college students form and update their beliefs about future earnings using a unique information experiment. We provide college students true information about the population distribution of earnings and observe how this information causes respondents to update their beliefs about their own future earnings. We show that college students are substantially misinformed about population earnings and logically revise their self-beliefs in response to the information we provide, with larger revisions when the information is more specific and is good news. We classify the updating behaviors observed and find that the majority of students are non-Bayesian updaters.
- Sprache
-
Englisch
- Erschienen in
-
Series: Staff Report ; No. 516
- Klassifikation
-
Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Expectations; Speculations
Analysis of Education
Higher Education; Research Institutions
Demographic Economics: General
- Thema
-
belief updating
college majors
information
uncertainty
subjective expectations
Bayesian updating
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Wiswall, Matthew
Zafar, Basit
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of New York
- (wo)
-
New York, NY
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Wiswall, Matthew
- Zafar, Basit
- Federal Reserve Bank of New York
Entstanden
- 2011
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