The DOI matches its Crossref record; 44 of the 44 references it cites were found in a registry or an index.
The Dynamics of Motivated Beliefs
Abstract
A key question in the literature on motivated reasoning and self-deception is how motivated beliefs are sustained in the presence of feedback. In this paper, we explore dynamic motivated belief patterns after feedback. We establish that positive feedback has a persistent effect on beliefs. Negative feedback, instead, influences beliefs in the short run, but this effect fades over time. We investigate the mechanisms of this dynamic pattern, and provide evidence for an asymmetry in the recall of feedback. Finally, we establish that, in line with theoretical accounts, incentives for belief accuracy mitigate the role of motivated reasoning. (JEL C91, D83, D91)
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Cites
z-Tree: Zurich toolbox for ready-made economic experiments
Fischbacher, U. (2007) · Experimental Economics · doi:10.1007/s10683-006-9159-4 · Cited by 9,510
The case for motivated reasoning.
Kunda, Z. (1990) · Psychological Bulletin · doi:10.1037/0033-2909.108.3.480 · Cited by 9,022
CEO Overconfidence and Corporate Investment
MALMENDIER, U., & TATE, G. (2005) · The Journal of Finance · doi:10.1111/j.1540-6261.2005.00813.x · Cited by 3,669
Who makes acquisitions? CEO overconfidence and the market's reaction☆
MALMENDIER, U., & TATE, G. (2008) · Journal of Financial Economics · doi:10.1016/j.jfineco.2007.07.002 · Cited by 2,754
(2009) · American Economic Review · doi:10.1257/aer.99.4.i · Cited by 2,230
Deception: The Role of Consequences
Gneezy, U. (2005) · American Economic Review · doi:10.1257/0002828053828662 · Cited by 1,729
Self-Confidence and Personal Motivation
Benabou, R., & Tirole, J. (2002) · The Quarterly Journal of Economics · doi:10.1162/003355302760193913 · Cited by 1,539
Exploiting moral wiggle room: experiments demonstrating an illusory preference for fairness
Dana, J., Weber, R. A., & Kuang, J. X. (2007) · Economic Theory · doi:10.1007/s00199-006-0153-z · Cited by 1,445
Ideology, motivated reasoning, and cognitive reflection
Kahan, D. M. (2013) · Judgment and Decision Making · doi:10.1017/s1930297500005271 · Cited by 1,302
An Experiment on Risk Taking and Evaluation Periods
Gneezy, U., & Potters, J. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555217 · Cited by 1,288
Cited by
Bursztyn, L., & Yang, D. Y. (2022) · Annual Review of Economics · doi:10.1146/annurev-economics-051520-023322 · Cited by 117
Negative performance evaluation in the imposter phenomenon
Gadsby, S., & Hohwy, J. (2024) · Current Psychology · doi:10.1007/s12144-023-05030-0 · Cited by 7
Talking the talk, not walking the walk: The coevolution of overconfidence and loss aversion
Dawson, C., & de Meza, D. (2026) · Psychological Review · doi:10.1037/rev0000644 · Cited by 2
Metadata
- Authors
- Zimmermann, F.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2020-02-01
- Volume
- 110
- Issue
- 2
- Pages
- 337-363
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2940828548
- Cited by
- 312
- References
- 44
- FWCI
- 30.61
- Type
- journal article
- Language
- en
- Open access
- closed
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