Bayesian versus Heuristic-Based Choice under Sleep Restriction and Suboptimal Times of Day
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Dickinson, David L. & McElroy, Todd, 2019. "Bayesian versus heuristic-based choice under sleep restriction and suboptimal times of day," Games and Economic Behavior, Elsevier, vol. 115(C), pages 48-59.
- David L. Dickinson & Todd McElroy, 2017. "Bayesian versus Heuristic-based choice under sleep restriction and suboptimal times of day," Working Papers 17-07, Department of Economics, Appalachian State University.
References listed on IDEAS
- Ian Krajbich & Björn Bartling & Todd Hare & Ernst Fehr, 2015. "Rethinking fast and slow based on a critique of reaction-time reverse inference," Nature Communications, Nature, vol. 6(1), pages 1-9, November.
- Marco Castillo & David L. Dickinson & Ragan Petrie, 2017.
"Sleepiness, choice consistency, and risk preferences,"
Theory and Decision, Springer, vol. 82(1), pages 41-73, January.
- Castillo, Marco & Dickinson, David L. & Petrie, Ragan, 2014. "Sleepiness, Choice Consistency, and Risk Preferences," IZA Discussion Papers 8709, Institute of Labor Economics (IZA).
- Sean P. A. Drummond & Gregory G. Brown & J. Christian Gillin & John L. Stricker & Eric C. Wong & Richard B. Buxton, 2000. "Altered brain response to verbal learning following sleep deprivation," Nature, Nature, vol. 403(6770), pages 655-657, February.
- Dickinson, David L. & McElroy, Todd, 2017. "Sleep restriction and circadian effects on social decisions," European Economic Review, Elsevier, vol. 97(C), pages 57-71.
- repec:cup:judgdm:v:3:y:2008:i::p:181-190 is not listed on IDEAS
- David M. Grether, 1980.
"Bayes Rule as a Descriptive Model: The Representativeness Heuristic,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 95(3), pages 537-557.
- Grether, David M., "undated". "Bayes Rule as a Descriptive Model: The Representativeness Heuristic," Working Papers 245, California Institute of Technology, Division of the Humanities and Social Sciences.
- Anja Achtziger & Carlos Alós-Ferrer, 2014. "Fast or Rational? A Response-Times Study of Bayesian Updating," Management Science, INFORMS, vol. 60(4), pages 923-938, April.
- Gary Charness & Dan Levin, 2005.
"When Optimal Choices Feel Wrong: A Laboratory Study of Bayesian Updating, Complexity, and Affect,"
American Economic Review, American Economic Association, vol. 95(4), pages 1300-1309, September.
- Charness, Gary & Levin, Dan, 2003. "When Optimal Choices Feel Wrong: A Laboratory Study of Bayesian Updating, Complexity, and Affect," University of California at Santa Barbara, Economics Working Paper Series qt7g63k28w, Department of Economics, UC Santa Barbara.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Todd McElroy & David L. Dickinson & Irwin P. Levin, 2019. "Thinking About Decisions: An Integrative Approach of Person and Task Factors," Working Papers 19-04, Department of Economics, Appalachian State University.
- Dickinson, David L. & Reid, Parker, 2023.
"Gambling Habits and Probability Judgements in a Bayesian Task Environment,"
IZA Discussion Papers
16306, Institute of Labor Economics (IZA).
- David L. Dickinson & Parker Reid, 2023. "Gambling habits and Probability Judgements in a Bayesian Task Environment," Working Papers 23-03, Department of Economics, Appalachian State University.
- David L. Dickinson, 2020.
"Deliberation Enhances the Confirmation Bias in Politics,"
Games, MDPI, vol. 11(4), pages 1-25, November.
- David L. Dickinson, 2020. "Deliberation enhances the confirmation bias in politics," Working Papers 20-12, Department of Economics, Appalachian State University.
- David L. Dickinson & Eugenio Caleb Garbuio, 2020.
"The Influence of Dietary Patterns on Outcomes in a Bayesian Choice Task,"
Working Papers
21-01, Department of Economics, Appalachian State University.
- Dickinson, David L. & Garbuio, Caleb, 2021. "The Influence of Dietary Patterns on Outcomes in a Bayesian Choice Task," IZA Discussion Papers 14070, Institute of Labor Economics (IZA).
- Dickinson, David L. & Masclet, David, 2023.
"Unethical decision making and sleep restriction: Experimental evidence,"
Games and Economic Behavior, Elsevier, vol. 141(C), pages 484-502.
- David L. Dickinson & David Masclet, 2021. "Unethical Decision Making and Sleep Restriction: Experimental Evidence," Working Papers 21-09, Department of Economics, Appalachian State University.
- Dickinson, David L. & Masclet, David, 2021. "Unethical Decision Making and Sleep Restriction: Experimental Evidence," IZA Discussion Papers 14537, Institute of Labor Economics (IZA).
- David L. Dickinson & David Masclet, 2023. "Unethical decision making and sleep restriction: Experimental evidence," Post-Print hal-04223180, HAL.
- David L. Dickinson, 2018. "An exploratory study of how sleep restriction impacts choice in two classic normal form games," Working Papers 18-02, Department of Economics, Appalachian State University.
- Castillo, Marco & Dickinson, David L., 2022.
"Sleep restriction increases coordination failure,"
Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 358-370.
- Marco Castillo & David L. Dickinson, 2020. "Sleep restriction increases coordination failure," Working Papers 20-05, Department of Economics, Appalachian State University.
- Castillo, Marco & Dickinson, David L., 2020. "Sleep Restriction Increases Coordination Failure," IZA Discussion Papers 13242, Institute of Labor Economics (IZA).
- McEvoy, David M. & Bruner, David M. & Dickinson, David L. & Drummond, Sean P.A., 2021. "Sleep restriction and strategy choice in cooperation and coordination games," Economics Letters, Elsevier, vol. 208(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Anja Achtziger & Carlos Alós-Ferrer & Alexander Ritschel, 2020. "Cognitive load in economic decisions," ECON - Working Papers 354, Department of Economics - University of Zurich.
- Castillo, Marco & Dickinson, David L., 2022.
"Sleep restriction increases coordination failure,"
Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 358-370.
- Marco Castillo & David L. Dickinson, 2020. "Sleep restriction increases coordination failure," Working Papers 20-05, Department of Economics, Appalachian State University.
- Castillo, Marco & Dickinson, David L., 2020. "Sleep Restriction Increases Coordination Failure," IZA Discussion Papers 13242, Institute of Labor Economics (IZA).
- Bachmann, Kremena, 2024. "Do you have a choice?: Implications for belief updating and the disposition effect," Journal of Economic Psychology, Elsevier, vol. 102(C).
- Carlos Alós-Ferrer & Michele Garagnani, 2022.
"Strength of preference and decisions under risk,"
Journal of Risk and Uncertainty, Springer, vol. 64(3), pages 309-329, June.
- Carlos Alós-Ferrer & Michele Garagnani, 2019. "Strength of preference and decisions under risk," ECON - Working Papers 330, Department of Economics - University of Zurich, revised Feb 2022.
- Carlos Alós-Ferrer & Alexander Jaudas & Alexander Ritschel, 2021. "Effortful Bayesian updating: A pupil-dilation study," Journal of Risk and Uncertainty, Springer, vol. 63(1), pages 81-102, August.
- Alós-Ferrer, Carlos & Garagnani, Michele, 2022. "The gradual nature of economic errors," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 55-66.
- Alós-Ferrer, Carlos & Ritschel, Alexander, 2021.
"Multiple behavioral rules in Cournot oligopolies,"
Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 250-267.
- Carlos Alós-Ferrer & Alexander Ritschel, 2019. "Multiple behavioral rules in Cournot oligopolies," ECON - Working Papers 331, Department of Economics - University of Zurich, revised Jul 2020.
- Jacquemet, N. & Luchini, S. & Malézieux, A. & Shogren, J.F., 2020.
"Who’ll stop lying under oath? Empirical evidence from tax evasion games,"
European Economic Review, Elsevier, vol. 124(C).
- Nicolas Jacquemet & Stephane Luchini & Antoine Malezieux & Jason Shogren, 2019. "Who'll stop lying under oath ? Empirical evidence from Tax Evasion Games," Working Papers halshs-02159905, HAL.
- Nicolas Jacquemet & Stephane Luchini & A. Malézieux & Jason F. Shogren, 2020. "Who’ll stop lying under oath? Empirical evidence from tax evasion games," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-02576845, HAL.
- Nicolas Jacquemet & Stephane Luchini & A. Malézieux & Jason F. Shogren, 2020. "Who’ll stop lying under oath? Empirical evidence from tax evasion games," Post-Print hal-02576845, HAL.
- Nicolas Jacquemet & Stephane Luchini & Antoine Malezieux & Jason Shogren, 2019. "Who'll stop lying under oath ? Empirical evidence from Tax Evasion Games," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-02159905, HAL.
- Nicolas Jacquemet & Stephane Luchini & A. Malézieux & Jason F. Shogren, 2020. "Who’ll stop lying under oath? Empirical evidence from tax evasion games," PSE-Ecole d'économie de Paris (Postprint) hal-02576845, HAL.
- Dohmen, Thomas & Falk, Armin & Huffman, David & Marklein, Felix & Sunde, Uwe, 2009.
"Biased probability judgment: Evidence of incidence and relationship to economic outcomes from a representative sample,"
Journal of Economic Behavior & Organization, Elsevier, vol. 72(3), pages 903-915, December.
- Dohmen, Thomas & Falk, Armin & Huffman, David B. & Marklein, Felix & Sunde, Uwe, 2009. "Biased Probability Judgment: Evidence of Incidence and Relationship to Economic Outcomes from a Representative Sample," IZA Discussion Papers 4170, Institute of Labor Economics (IZA).
- Thomas Dohmen & Armin Falk & David Huffman & Felix Marklein & Uwe Sunde, 2009. "Biased Probability Judgment: Evidence of Incidence and Relationship to Economic Outcomes From a Representative Sample," Post-Print hal-00723191, HAL.
- Dohmen, Thomas J. & Falk, Armin & Huffman, David & Marklein, Felix & Sunde, Uwe, 2009. "Biased probability judgment: Evidence of incidence and relationship to economic outcomes from a representative sample," Munich Reprints in Economics 20042, University of Munich, Department of Economics.
- Lex Borghans & Bas ter Weel, 2008.
"Understanding the Technology of Computer Technology Diffusion: Explaining Computer Adoption Patterns and Implications for the Wage Structure,"
Journal of Income Distribution, Ad libros publications inc., vol. 17(3-4), pages 37-70, September.
- Borghans, Lex & ter Weel, Bas, 2008. "Understanding the Technology of Computer Technology Diffusion: Explaining Computer Adoption Patterns and Implications for the Wage Structure," IZA Discussion Papers 3792, Institute of Labor Economics (IZA).
- Bas ter Weel & L. Borghans, 2009. "Understanding the technoloy of computer technology diffusion: explaining computer adoption patterns and implications for the wage structure," CPB Discussion Paper 117, CPB Netherlands Bureau for Economic Policy Analysis.
- Borghans, L. & ter Weel, B.J., 2008. "Understanding the technology of computer technology diffusion: explaining computer adoption patterns and implications for the wage structure," ROA Research Memorandum 008, Maastricht University, Research Centre for Education and the Labour Market (ROA).
- Jason Shachat & Anand Srinivasan, 2022.
"Informational Price Cascades and Non-Aggregation of Asymmetric Information in Experimental Asset Markets,"
Journal of Behavioral Finance, Taylor & Francis Journals, vol. 23(4), pages 388-407, November.
- Shachat, Jason & Srivinasan, Anand, 2011. "Informational price cascades and non-aggregation of asymmetric information in experimental asset markets," MPRA Paper 30308, University Library of Munich, Germany.
- Jason Shachat & Anand Srinivasan, 2013. "Informational Price Cascades and Non-aggregation of Asymmetric Information in Experimental Asset Markets," Working Papers 2013-10-14, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.
- Jason Shachat & Anand Srinivasan, 2011. "Informational Price Cascades and Non-aggregation of Asymmetric Information in Experimental Asset Markets," Working Papers 1102, Xiamen Unversity, The Wang Yanan Institute for Studies in Economics, Finance and Economics Experimental Laboratory, revised 14 Apr 2011.
- Dohmen, T.J. & Falk, A. & Huffman, D. & Marklein, F. & Sunde, U., 2009.
"The non-use of Bayes rule: representative evidence on bounded rationality,"
Research Memorandum
038, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Dohmen, T.J. & Falk, A. & Huffman, D. & Marklein, F. & Sunde, U., 2009. "The non-use of Bayes rule: representative evidence on bounded rationality," ROA Research Memorandum 001, Maastricht University, Research Centre for Education and the Labour Market (ROA).
- David L. Dickinson, 2018. "An exploratory study of how sleep restriction impacts choice in two classic normal form games," Working Papers 18-02, Department of Economics, Appalachian State University.
- Gary Charness & Dan Levin, 2005.
"When Optimal Choices Feel Wrong: A Laboratory Study of Bayesian Updating, Complexity, and Affect,"
American Economic Review, American Economic Association, vol. 95(4), pages 1300-1309, September.
- Charness, Gary & Levin, Dan, 2003. "When Optimal Choices Feel Wrong: A Laboratory Study of Bayesian Updating, Complexity, and Affect," University of California at Santa Barbara, Economics Working Paper Series qt7g63k28w, Department of Economics, UC Santa Barbara.
- Aurélien Baillon & Han Bleichrodt & Umut Keskin & Olivier l’Haridon & Chen Li, 2018.
"The Effect of Learning on Ambiguity Attitudes,"
Management Science, INFORMS, vol. 64(5), pages 2181-2198, May.
- Aurélien Baillon & Han Bleichrodt & Umut Keskin & Olivier L’haridon & Chen Li, 2018. "The Effect of Learning on Ambiguity Attitudes," Post-Print halshs-01525391, HAL.
- Carlos Alós-Ferrer & Johannes Buckenmaier, 2021.
"Cognitive sophistication and deliberation times,"
Experimental Economics, Springer;Economic Science Association, vol. 24(2), pages 558-592, June.
- Carlos Alós-Ferrer & Johannes Buckenmaier, 2018. "Cognitive sophistication and deliberation times," ECON - Working Papers 292, Department of Economics - University of Zurich, revised Apr 2019.
- François Poinas & Julie Rosaz & Béatrice Roussillon, 2012.
"Updating beliefs with imperfect signals: Experimental evidence,"
Journal of Risk and Uncertainty, Springer, vol. 44(3), pages 219-241, June.
- François Poinas & Julie Rosaz & Béatrice Roussillon, 2009. "Updating Beliefs with Imperfect Signals: Experimental Evidence," Post-Print halshs-00451407, HAL.
- François Poinas & Julie Rosaz & Béatrice Roussillon, 2012. "Updating beliefs with imperfect signals: experimental evidence," Post-Print halshs-00576669, HAL.
- François Poinas & Julie Rosaz & Béatrice Roussillon, 2010. "Updating beliefs with imperfect signals : experimental evidence," Working Papers 1033, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- François Poinas & Julie Rosaz & Béatrice Roussillon, 2010. "Updating beliefs with imperfect signals: experimental evidence," Post-Print halshs-00674285, HAL.
- François Poinas & Julie Rosaz & Béatrice Roussillon, 2010. "Updating beliefs with imperfect signals: experimental evidence," Post-Print halshs-00550350, HAL.
- François Poinas & Julie Rosaz & Béatrice Roussillon, 2010. "Updating beliefs with imperfect signals: experimental evidence," Post-Print halshs-00492978, HAL.
- François Poinas & Julie Rosaz & Béatrice Roussillon, 2010. "Updating beliefs with imperfect signals: experimental evidence," Post-Print halshs-00492971, HAL.
- Armin Falk & Florian Zimmermann, 2011.
"Preferences for Consistency,"
CESifo Working Paper Series
3528, CESifo.
- Falk, Armin & Zimmermann, Florian, 2011. "Preferences for Consistency," IZA Discussion Papers 5840, Institute of Labor Economics (IZA).
- Falk, Armin & Zimmermann, Florian, 2011. "Preferences for Consistency," CEPR Discussion Papers 8519, C.E.P.R. Discussion Papers.
- McFadden, Brandon R. & Lusk, Jayson L., 2015.
"Cognitive biases in the assimilation of scientific information on global warming and genetically modified food,"
Food Policy, Elsevier, vol. 54(C), pages 35-43.
- McFadden, Brandon R. & Lusk, Jayson, 2014. "Cognitive Biases in the Assimilation of Scientific Information on Global Warming and Genetically Modified Food," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162532, Southern Agricultural Economics Association.
- Antoniou, Constantinos & Harrison, Glenn W. & Lau, Morten I. & Read, Daniel, 2017.
"Information Characteristics and Errors in Expectations: Experimental Evidence,"
Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 52(2), pages 737-750, April.
- Antoniou, Constantinos & Harrison, Glenn & Lau, Morten & Read, Daniel, 2015. "Information Characteristics and Errors in Expectations: Experimental Evidence," IZA Discussion Papers 9387, Institute of Labor Economics (IZA).
More about this item
Keywords
sleep restriction; sleep deprivation; reinforcement heuristic; Bayesian choice; experiments;All these keywords.
JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
NEP fields
This paper has been announced in the following NEP Reports:- NEP-EXP-2017-10-01 (Experimental Economics)
- NEP-NEU-2017-10-01 (Neuroeconomics)
- NEP-UPT-2017-10-01 (Utility Models and Prospect Theory)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iza:izadps:dp10985. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Holger Hinte (email available below). General contact details of provider: https://edirc.repec.org/data/izaaade.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.