From sports betting to financial markets, people make the same predictable mistakes in how they interpret new information. UC Berkeley Haas professors Eben Lazarus and Ned Augenblick found that people overreact to information that isn’t very important, and underreact to important information.
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#SportsBetting #FinancialMarkets #InformationOverload #BehavioralEconomics #DecisionMaking
Read Full Article
#SportsBetting #FinancialMarkets #InformationOverload #BehavioralEconomics #DecisionMaking
Haas News | Berkeley Haas
Sports betting and financial market data show how people misinterpret new information in predictable ways - Haas News | Berkeley…
Let’s say it’s a home game for the Golden State Warriors and Steph Curry shows he’s still got it, sinking back-to-back three-pointers minutes into the first quarter. The fans at Chase Center take notice, and so do the betting markets, where the odds move…