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Cited by 657

The DOI matches its Crossref record; 61 of the 61 references it cites were found in a registry or an index.

The Good News-Bad News Effect: Asymmetric Processing of Objective Information about Yourself

Eil, David, Rao, Justin M·2011·American Economic Journal: Microeconomics

Abstract

We study processing and acquisition of objective information regarding qualities that people care about, intelligence and beauty. Subjects receiving negative feedback did not respect the strength of these signals, were far less predictable in their updating behavior and exhibited an aversion to new information. In response to good news, inference conformed more closely to Bayes' Rule, both in accuracy and precision. Signal direction did not affect updating or acquisition in our neutral control. Unlike past work, our design varied direction and agreement with priors independently. The results indicate that confirmation bias is driven by direction; confirmation alone had no effect. (JEL D82, D83)

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Metadata

Authors
Eil, D., & Rao, J. M.
Venue
American Economic Journal: Microeconomics
Published
2011-05-01
Volume
3
Issue
2
Pages
114-138
ISSN
  • 1945-7669 (ISSN-L)
  • 1945-7685
OpenAlex
W2167693152
Cited by
657
References
61
FWCI
14.66
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: The Good News-Bad News Effect: Asymmetric Processing of Objective Information about Yourself. https://app.cochat.ai/papers/10.1257/mic.3.2.114
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Eil, D., & Rao, J. M. (2011). The Good News-Bad News Effect: Asymmetric Processing of Objective Information about Yourself. American Economic Journal: Microeconomics. https://doi.org/10.1257/mic.3.2.114

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