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Effortful Bayesian updating: A pupil-dilation study |
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| Authors: | Alós-Ferrer Carlos Jaudas Alexander Ritschel Alexander |
| Institution: | 1.Department of Economics, Zurich Center for Neuroeconomics (ZNE), University of Zurich, Blümlisalpstrasse 10, 8006, Zurich, Switzerland ;2.Department of Political and Social Sciences, Zeppelin University Friedrichshafen, Am Seemooser Horn 20, D-88045, Friedrichshafen, Germany ; |
| Abstract: | Journal of Risk and Uncertainty - When confronted with new information, rational decision makers should update their beliefs through Bayes’ rule. In economics, however, new information often... |
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