2020 applicants
Event

Mental Models and Learning: The Case of Base-Rate Neglect

Microeconomics Research Seminar Series, Autumn Term 2020

  • Mon 28 Sep 20

    16:00 - 17:30

  • Online

    Zoom

  • Event speaker

    Assistant Professor Sevgi Yuksel

  • Event type

    Lectures, talks and seminars
    Microeconomics Research Seminar Series

  • Event organiser

    Economics, Department of

Join Assistant Professor Sevgi Yuksel as they present their research on Mental Models and Learning: The Case of Base-Rate Neglect.

Mental Models and Learning: The Case of Base-Rate Neglect

Join us for the first event of the Microeconomics Research Seminar Series, Autumn Term 2020.

Professor Sevgi Yuksel from the Department of Economics, University of California, Santa Barbara will present their research on Mental Models and Learning: The Case of Base-Rate Neglect. 

Abstract 

We study whether suboptimal behavior can persist in the presence of feedback and examine the role that incorrect mental models play in this persistence. Focusing on a simple updating problem, we document using a laboratory experiment the evolution of beliefs in response to feedback. We compare a baseline treatment, in which a majority of subjects display base-rate neglect (BRN) in initial beliefs, to a control treatment that does not allow for BRN as a mental model but in which learning from feedback is similarly possible.

This seminar will be held via Zoom. This event is open to all levels of study and is also open to the public. To register your place and gain access to the webinar, please contact the seminar organisers.

This event is part of the Microeconomics Research Seminar Series.

 

Contact the seminar organisers
Contact the seminar organisers
Dr Ahrash Dianat Department of Economics
University of Essex
Dr Aditya Kuvalekar Department of Economics
University of Essex