Do Others Learn like Me? Higher Order Willingness to Pay for Information
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Non-Bayesian agents and their willingness to pay for information under different contexts.
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Non-Bayesian agents and their willingness to pay for information under different contexts.
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Replication Paper.
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Effects of feedback on the willingness to pay to verify real headlines.
Published in Ensayos. Revista de economía, 2020
We present results of a survey measuring cognitive ability and repayment levels.
Recommended citation: Giannatale, Sonia Di, Ventosa-Santaulària, Daniel, Roa, María José, Elbittar, Alexander, & Trujano, Darío. (2020). The Role of Cognitive and Personality Characteristics in Timely Microcredit Repayment: Evidence from a Survey Conducted by Provident, Mexico. Ensayos. Revista de economía, 39(1), 1-20. Epub 12 de abril de 2021.https://doi.org/10.29105/ensayos39.1-1 https://doi.org/10.29105/ensayos39.1-1
Published in Journal of Behavioral and Experimental Economics, 2022
We present results of a lab experimental study of candidate entry in a citizencandidate environment.
Recommended citation: Elbittar, Gomberg, Trujano-Ochoa (2021). Citizen Candidates in the Lab: Rules, Costs, and Positions; Journal of Behavioral and Experimental Economics, 112. https://doi.org/10.1016/j.socec.2024.102276 https://www.sciencedirect.com/science/article/pii/S2214804324001137
Published in Journal of Risk and Uncertainty, 2023
Do people know their own risk preferences, or do risk choices change with experience and observation?
Recommended citation: Charness, G., Chemaya, N. & Trujano-Ochoa, D. (2023). Learning your own risk preferences. Journal of Risk and Uncertainty 67, 1–19. https://doi.org/10.1007/s11166-023-09413-3 https://link.springer.com/article/10.1007/s11166-023-09413-3#citeas
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I presented this paper in the ESA NAM 2023.
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This research explores experimentally whether information acquisition depends on whose strategy is implemented in a Bayesian learning task. In the first section of the experiment, I measured the deviation from Bayes’ rule for each participant and their expected posterior from other participants. In the second section, I elicit the willingness to pay to get a new signal and implement a rule based on their posterior beliefs. On average, participants expect others to have the same posterior beliefs. Finally, it is shown that participants exhibit a larger willingness to pay for a signal realization when they implement their strategy rather than the strategy of another participant. This results contribute to the literature on preferences for decision rights and delegation, as well as strategic uncertainty.
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This research explores whether agents consider others’ biases in their belief updating when priors are known to be different and how information acquisition depends on whose strategy is implemented. The strategy method is implemented in a bookbag-and-poker-chip experiment to elicit first and second-order posterior beliefs, and the BDM mechanism is used to elicit their WTP to implement their or others’ strategy. The deviations from Bayes’s rule found were consistent with previous literature. On average, participants expect others to have the same posterior beliefs independently if they share a common prior or not. However, the presence of heterogeneous priors increases the distance between posterior beliefs and the expectations about others. Finally, it is shown that participants exhibit a larger willingness to pay for information when they implement their strategy rather than the strategy of another participant, which contradicts strategic thinking.
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You can see the presentation (in Spanish) here.
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You can see the presentation (in Spanish) here.
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This project contributes experimental evidence to the discussion of how to increase fact-checking by analyzing how overconfidence and motivated reasoning affect the willingness to pay to verify whether a headline is correct. Making available the alternative of perfect verification experimentally allows us to abstract from a specific fact-checking strategy (some of them more effective and accepted than others) and focus on the potential impact of behavioral biases on the demand for fact-checking.
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I presented this paper in the Department of Economics at UCSB.
Teaching Sections, Office Hours, and Grading, UCSB, CIDE, 2023
List of the courses where I have been a TA.
Coordinate the activities of Instructors, Teaching Assistants, Undergrad Helpers, and Students, Department of Economics, 2024
List of courses for which I have been the head TA.
Courses where I have experience as the instructor, UCSB, UNAM, 2024
List of courses where I have been the instructor