Responsiveness to feedback as a personal trait

• Published in: Journal of risk and uncertainty Vol. 56; no. 2; pp. 165 - 192
• Main Authors: Buser, Thomas, Gerhards, Leonie, van der Weele, Joël
• Format: Journal Article
• Language: English
• Published: New York Springer 01.04.2018; Springer US; Springer Nature B.V
• Subjects: Asymmetry; Bayesian analysis; Cognitive psychology; Competition; Confidence; Conservatism; Economic Theory/Quantitative Economics/Mathematical Methods; Economics; Economics and Finance; Ego; Environmental Economics; Feedback; Heterogeneity; Microeconomics; Operations Research/Decision Theory; Quantitative psychology; Responsiveness; Bayesian updating; Feedback; Confidence; Competitive behavior; C91; Identity; C93; D83

We investigate individual heterogeneity in the tendency to under-respond to feedback ("conservatism") and to respond more strongly to positive compared to negative feedback ("asymmetry"). We elicit beliefs about relative performance after repeated rounds of feedback across a seri...