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From sports betting to financial markets, people make the same predictable mistakes in how they interpret new information. UC Berkeley Haas professors Eben Lazarus and Ned Augenblick found that pe... (newsroom.haas.berkeley.edu)

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The original was posted on /r/science by /u/lcounts on 2024-11-22 23:51:02+00:00.

Original Title: From sports betting to financial markets, people make the same predictable mistakes in how they interpret new information. UC Berkeley Haas professors Eben Lazarus and Ned Augenblick found that people overreact to information that isn’t very important, and underreact to important information.

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