Caballero, A., & López-Pérez, R. (2022). Heterogeneous primacy and recency effects in frequency estimation. Journal of Economic Behavior & Organization, 200, 182-203
Fecha
Abstract. Introspection and abundant field and lab evidence indicate that people often infer population characteristics from the data available. When people lack records and are not given feedback, however, they might underweight some of such data, perhaps due to inattention or memory failures. In this paper we use lab experiments and a parsimonious analytical framework to explore inference when limited attention and memory lead to (extreme) data underweighting, the relevance of such phenomenon, and whether people exhibit different patterns of underweighting.
