ICES Experimental Economics Brown Bag Lecture
Motivated Beliefs and Future Desired Effort
Thursday, April 20, 2023 12:00 PM to 1:00 PM EDT
Vernon Smith Hall (formerly Metropolitan Building), Room 5075
The Interdisciplinary Center for Economic Science (ICES) presents an ICES Brown Bag Lecture featuring:
George Mason University
Motivated Beliefs and Future Desired Effort
Abstract
One of the key questions in the motivated beliefs is what motivates people's beliefs and how the belief updating patterns are influenced. We investigate the role of future desired effort in motivated beliefs and self-serving bias. We examine the relationship between future desired effort and motivated beliefs by exogenously controlling the situations of the second section of the memorizing task. We investigate three situations in which the effect of negative feedback on beliefs can be magnified: (1) when the future task becomes more difficult, (2) when there is a higher incentive to slack off on the future task, and (3) when the future task is one month later. Our study explores how beliefs are maintained under the motivation-based theory and provides support for defensive pessimism.
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