WHAT COMES TO MIND

被引:165
作者
Gennaioli, Nicola [1 ]
Shleifer, Andrei
机构
[1] Univ Pompeu Fabra, CREI, Barcelona, Spain
关键词
SUBJECTIVE-PROBABILITY; BOUNDED RATIONALITY; MODEL; REPRESENTATION; JUDGMENT;
D O I
10.1162/qjec.2010.125.4.1399
中图分类号
F [经济];
学科分类号
02 ;
摘要
We present a model of intuitive inference, called "local thinking," in which an agent combines data received from the external world with information retrieved from memory to evaluate a hypothesis. In this model, selected and limited recall of information follows a version of the representativeness heuristic. The model can account for some of the evidence on judgment biases, including conjunction and disjunction fallacies, but also for several anomalies related to demand for insurance.
引用
收藏
页码:1399 / 1433
页数:35
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