Journal article
INFORMATION SEQUENCE, RESPONSE MODE AND ASSET VALUATION JUDGMENT
Abstract
Hogarth and Einhorn (1990) posited a psychological model for updating beliefs that is based on an anchoring and adjustment process which incorporates a contrast or surprise effect; in particular, the larger the current belief in a hypothesis or outcome, the more it is discounted by negative information and the less it is increased by positive information. The model provides a set of predictions that could be of important implications for …
Authors
Ibrahim M; Shehata M
Journal
Managerial Finance, Vol. Volume 19, No. Issue 5, pp. 11–27
Publisher
Emerald
Publication Date
May 1, 1993
DOI
10.1108/eb013721
ISSN
0307-4358