Can People Learn about ‘Black Swans’? Experimental Evidence
Can People Learn about ‘Black Swans’? Experimental Evidence
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Author / Creator
Publisher
Oxford University Press
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Language
English
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Publisher
Oxford University Press
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Contents
How do people cope with tail risk? In a lab experiment that removed informational and incentive confounds, subjects overwhelmingly behaved like Bayesian learners. The results of simulations further revealed that if one is to survive under tail risk, one needs to follow the Bayesian approach, as all boundedly rational alternatives fail. These findin...
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Full title
Can People Learn about ‘Black Swans’? Experimental Evidence
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TN_cdi_crossref_primary_10_1093_rfs_hhy040
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_crossref_primary_10_1093_rfs_hhy040
Other Identifiers
ISSN
0893-9454
E-ISSN
1465-7368
DOI
10.1093/rfs/hhy040
