Heuristic Thinking and Limited Attention in the Car Market

Can heuristic information processing affect important product markets? Analyzing over 22 million wholesale used-car transactions, we find evidence of left-digit bias in the processing of odometer values, whereby individuals focus on the number's leftmost digits. The bias leads to discontinuous...

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Bibliographic details
Volume: 102
Main Author: Lacetera, Nicola
Pope, Devin G
Sydnor, Justin R
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: NASHVILLE American Economic Association 01.08.2012
AMER ECONOMIC ASSOC
published in: The American economic review Vol. 102; no. 5; pp. 2206 - 2236
ORCID: 0000-0002-3191-8792
0000-0003-0532-1949
Data of publication: 20120801
ISSN: 0002-8282
1944-7981
EISSN: 1944-7981
Discipline: Economics
Law
Subjects:
Online Access: Fulltext
Database: Web of Knowledge
Social Sciences Citation Index
Web of Science
Web of Science - Social Sciences Citation Index - 2012
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Academic OneFile (A&I only)
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