Absolute recovery of first-list responses from unlearning during 25 minutes filled with an easy or difficult information processing task

1967 ◽  
Author(s):  
Richard Kammann ◽  
Arthur W. Melton
1998 ◽  
Vol 34 (Supplement) ◽  
pp. 420-421
Author(s):  
Keisuke Shimada ◽  
Mitsuhiko Karashima ◽  
Murako Saito

2016 ◽  
Vol 8 (1) ◽  
pp. 110-139 ◽  
Author(s):  
Charles A. Holt ◽  
Angela M. Smith

This paper uses a Bayesian information processing task to compare belief elicitation mechanisms including a quadratic scoring rule, a Becker-DeGroot-Marschak pricing procedure, and a two-stage menu of lottery choices that is structured to identify a precise point of probability indifference. The choice menu yields a higher incidence of correct Bayesian responses and lower belief error averages. Unlike the quadratic scoring rule, the binary payoffs for the lottery choice mechanism are synchronized to provide theoretical incentive-compatibility regardless of risk attitudes. In addition, the choice menu structure is more transparent and intuitive than the Becker-DeGroot-Marschak procedure. (JEL C91, D44, D81, D83)


Sign in / Sign up

Export Citation Format

Share Document