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

Finance

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Abstract

We conduct prediction experiments where subjects estimate, and later reconstruct probabilities of upcoming 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
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

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10.1016/j.econlet.2015.07.005

Chelley_Steeley_Kluger_Steeley_Earnings_hindsight_bias_Economics_Letters_2015
Eligibility for repository: Checked on 10/09/2015
Accepted author manuscript, 473 KBLicence: Creative Commons: Attribution-NonCommercial-NoDerivs (CC BY-NC-ND)

http://linkinghub.elsevier.com/retrieve/pii/S0165176515002785

Cite this

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

abstract = "We conduct prediction experiments where subjects estimate, and later reconstruct probabilities of upcoming 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.}",

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AB - We conduct prediction experiments where subjects estimate, and later reconstruct probabilities of upcoming events. Subjects also value state-contingent claims on these events. We find that hindsight bias is greater for events where subjects earned more money.

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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

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