Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/214315 
Autor:innen: 
Erscheinungsjahr: 
2004
Schriftenreihe/Nr.: 
CREMA Working Paper No. 2005-01
Verlag: 
Center for Research in Economics, Management and the Arts (CREMA), Basel
Zusammenfassung: 
Distortions in memory impose important bounds on rationality but have been largely disregarded in economics. While it is possible to learn, it is more difficult, and sometimes impossible, to unlearn. This retention effect lowers individual utility directly or via reduced productivity, and adds costs to principal-agent relationships. The imprinting effect states that the more one tries to forget a piece of information the more vivid it stays in memory, leading to a paradoxical outcome. The effects are based on, and are supported by, psychological experiments, and it is shown that they are relevant in many economic situations and beyond.
Schlagwörter: 
Memory
bounded rationality
learning
retention
ironic process theory
principalagency theory
JEL: 
D11
D83
J2
M20
Z00
Dokumentart: 
Working Paper

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