Three doors anomaly, ‘‘should I stay, or should I go’’: an artefactual field experiment
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Other documents of the author: MORONE, ANDREA; Caferra, Rocco; Casamassima, Alessia; Cascavilla, Alessandro; Tiranzoni, Paola
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Show full item recordcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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Title
Three doors anomaly, ‘‘should I stay, or should I go’’: an artefactual field experimentAuthor (s)
Date
2021-04-01Publisher
SpringerISSN
0040-5833; 1573-7187Bibliographic citation
Morone, A., Caferra, R., Casamassima, A. et al. Three doors anomaly, “should I stay, or should I go”: an artefactual field experiment. Theory Decis (2021). https://doi.org/10.1007/s11238-021-09809-0Type
info:eu-repo/semantics/articlePublisher version
https://link.springer.com/article/10.1007/s11238-021-09809-0Version
info:eu-repo/semantics/publishedVersionSubject
Abstract
This work aims to identify and quantify the biases behind the anomalous behavior of people when they deal with the Three Doors dilemma, which is a really simple but counterintuitive game. Carrying out an artefactual ... [+]
This work aims to identify and quantify the biases behind the anomalous behavior of people when they deal with the Three Doors dilemma, which is a really simple but counterintuitive game. Carrying out an artefactual field experiment and proposing eight different treatments to isolate the anomalies, we provide new interesting experimental evidence on the reasons why subjects fail to take the optimal decision. According to the experimental results, we are able to quantify the size and the impact of three main biases that explain the anomalous behavior of participants: Bayesian updating, illusion of control and status quo bias. [-]
Funder Name
Universita degli Studi di Bari Aldo Moro within the CRUI-CARE Agreement
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info:eu-repo/semantics/openAccess
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- ECO_Articles [694]
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