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Learning versus Unlearning: An Experiment on Retractions

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 نشر من قبل Jonathan Libgober
 تاريخ النشر 2021
  مجال البحث اقتصاد مالية
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Widely discredited ideas nevertheless persist. Why do people fail to ``unlearn? We study one explanation: beliefs are resistant to retractions (the revoking of earlier information). Our experimental design identifies unlearning -- i.e., updating from retractions -- and enables its comparison with learning from equivalent new information. Across different kinds of retractions -- for instance, those consistent or contradictory with the prior, or those occurring when prior beliefs are either extreme or moderate -- subjects do not fully unlearn from retractions and update less from them than from equivalent new information. This phenomenon is not explained by most of the well-studied violations of Bayesian updating, which yield differing predictions in our design. However, it is consistent with difficulties in conditional reasoning, which have been documented in other domains and circumstances.



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