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Replication data for: Failures in Contingent Reasoning: The Role of Uncertainty

Version
1
Resource Type
Dataset
Creator
  • Martínez-Marquina, Alejandro
  • Niederle, Muriel
  • Vespa, Emanuel
Publication Date
2019-10-01
Description
  • Abstract

    We propose a new channel to account for the difficulties of individuals with contingent reasoning: the presence of uncertainty. When moving from an environment with one state of known value to one with multiple possible values, two changes occur. First, the number of values to consider increases. Second, the value of the state is uncertain. We show in an experiment that this lack of certainty, or the loss of the Power of Certainty, impedes payoff maximization and that it accounts for a substantial portion of the difficulties with contingent reasoning.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.20171764 (Text)
Publications
  • Martínez-Marquina, Alejandro, Muriel Niederle, and Emanuel Vespa. “Failures in Contingent Reasoning: The Role of Uncertainty.” American Economic Review 109, no. 10 (October 1, 2019): 3437–74. https://doi.org/10.1257/aer.20171764.
    • ID: 10.1257/aer.20171764 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07

Martínez-Marquina, Alejandro; Niederle, Muriel; Vespa, Emanuel (2019): Replication data for: Failures in Contingent Reasoning: The Role of Uncertainty. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116200V1