Measuring «Correlation Neglect» : experimental prodecures and applications

Authors: Conombo, Blanchard
Advisor: Kröger, SabineBellemare, Charles
Abstract: Recent economic studies identified the difficulty of persons to make optimal decisions when there is correlation between (random) state variables, now referred to in the literatures as “correlation neglect.” In this article, we presume correlation neglect to be an individual trait of a person and propose different measures of this characteristic. We compare different measures in terms of their correlation based on results from laboratory experiments. We present applications of the measures in the field. Keywords : heuristics and biases, correlation neglect, measurement.
Document Type: Mémoire de maîtrise
Issue Date: 2017
Open Access Date: 24 April 2018
Grantor: Université Laval
Collection:Thèses et mémoires

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