What Comes to Mind

Català | Castellano

Gennaioli, Nicola; Shleifer, Andrei. What Comes to Mind. 2010
http://hdl.handle.net/10230/6057

To cite or link this document: http://hdl.handle.net/10230/6057

Title:	What Comes to Mind
Author:	Gennaioli, Nicola; Shleifer, Andrei
Other authors:	Universitat Pompeu Fabra. Departament d'Economia i Empresa
Abstract:	We present a model of intuitive inference, called "local thinking," in which an agent combines data received from the external world with information retrieved from memory to evaluate a hypothesis. In this model, selected and limited recall of information follows a version of the respresentativeness heuristic. The model can account for some of the evidence on judgment biases, including conjunction and disjunction fallacies, but also for several anomalies related to demand for insurance.
Document type:	Working paper
Date:	2010
Rights:	Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)