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Beliefs lab and correlation neglect

The shift from field-quasi-experiments to the lab: what we gain (tight control, clean randomisation) and what we give up (external validity). Enke and Zimmermann’s “Correlation Neglect in Belief Formation” is the running example — how a simple Correlated vs. Uncorrelated treatment generates causal evidence on a specific cognitive bias.

Applied Microeconomics
In-class exercise
Applied Microeconomics
Learning objectives