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Behavioral Economics Workshop: Marta Serra-Garcia

Tuesday, April 13, 2021 at 11:15am to 12:45pm

Virtual Event

Marta Serra-Garcia, University of California, San Diego

Cognitive Flexibility or Moral Commitment? Evidence of Anticipated Belief Distortion (joint w/Silvia Saccardo)

Abstract: Do people anticipate the conditions that enable them to manipulate their beliefs when confronted with unpleasant information? We investigate whether individuals seek out the “cognitive flexibility” needed to distort beliefs in self-serving ways, or instead attempt to constrain it, committing to unbiased judgment. Experiments with 6500 participants, including financial and legal professionals, show that preferences are heterogeneous: over 40% of advisors prefer flexibility, even if costly. Actively seeking flexibility does not preclude belief distortion. Individuals anticipate the effects of cognitive flexibility and their choice to pursue it responds to incentives, suggesting some sophistication about the cognitive constraints to belief distortion.

Dial-In Information

If you are interested in participating in this seminar, please register at:

https://cornell.zoom.us/meeting/register/tJItc-GsqT4vHdfOB-gIVOe1Ll83Bli15860

Note: If you have previously registered for the Spring 2021 Behavioral Economics Workshop, there is no need to re-register.

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Event Type

Seminar, Class/ Workshop

Departments

Economics

Tags

economics, EconSeminar, EconBehave

Contact E-Mail

uab1@cornell.edu

Contact Name

Ulrike Kroeller

Speaker

Marta Serra-Garcia

Speaker Affiliation

University of California, San Diego

Open To

Cornell Economics Community - List Serve Members