Wednesday, August 2, 2017

It’s good to be first: Order bias in reading and citing NBER Working Papers

Nový vědecký článek Patricka Gaulé a kol. v prestižním The Review of Economics and Statistics ukazuje, jak i drobnosti ovlivňují lidské rozhodování a jak zdánlivé drobnosti spolu s pozorností a dovednostmi mohou ovlivnit výsledky. Abstract: When choices are made from ordered lists, individuals can exhibit biases toward selecting certain options as a result of the ordering. We examine this phenomenon in the context of consumer response to the ordering of economics papers in an e-mail announcement issued by the NBER. 

We show that despite the effectively random list placement, papers listed first each week are about 30% more likely to be viewed, downloaded, and subsequently cited. We suggest that a model of ‘‘skimming’’ behavior, where individuals focus on the first few papers in the list due to time constraints, would be most consistent with our findings.

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