Data and Code for: Motivated Beliefs and Anticipation of Uncertainty Resolution

Principal Investigator(s):  View help for Principal Investigator(s) Christoph Drobner, Technical University Munich

Version:  View help for Version V1

Name File Type Size Last Modified
data_analysis.do text/plain 11.1 KB 05/28/2021 02:21:AM
data_creation.do text/plain 6.8 KB 05/28/2021 02:21:AM
setup.do text/plain 120 bytes 05/28/2021 02:21:AM

Project Description

Summary:  View help for Summary
Manipulating subjects' expectations about the resolution of uncertainty, I show that subjects update beliefs about ego-relevant information optimistically when they expect no resolution of uncertainty but neutrally when they expect immediate uncertainty resolution. This finding highlights an important channel of the supply side of motivated beliefs and informs the discussion about the puzzling evidence on belief updating about ego-relevant information. Moreover, I document that subjects ex post rationalize information by manipulating their stated beliefs about the ego-relevance of the underlying event depending on the valence of information. This result suggests an additional channel that subjects use to protect their ego utility.



Scope of Project

Subject Terms:  View help for Subject Terms laboratory experiment; beliefs; belief updating
JEL Classification:  View help for JEL Classification
      C91 Design of Experiments: Laboratory, Individual
      D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
      D84 Expectations; Speculations
Geographic Coverage:  View help for Geographic Coverage Germany
Universe:  View help for Universe Student subjects, Technical University Munich

Data Type(s):  View help for Data Type(s) experimental data

Methodology

Response Rate:  View help for Response Rate N/A (Laboratory experiment)
Sampling:  View help for Sampling Student subjects, Technical University Munich
Data Source:  View help for Data Source Laboratory experiment
Weights:  View help for Weights None
Unit(s) of Observation:  View help for Unit(s) of Observation Individual
Geographic Unit:  View help for Geographic Unit N/A (Laboratory experiment)

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Published Versions

V1 [2022-02-22]

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DDI 2.5

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