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Please use this identifier to cite or link to this item: http://purl.umn.edu/162532

Title: Cognitive Biases in the Assimilation of Scientific Information on Global Warming and Genetically Modified Food
Authors: McFadden, Brandon
Lusk, Jayson
Authors (Email): McFadden, Brandon (brandon.mcfadden@okstate.edu)
Lusk, Jayson (jayson.lusk@okstate.edu)
Keywords: Bayesian updating
beliefs
climate change
biotechnology
JEL Codes: D83
Q16
Q54
Issue Date: 2014
Abstract: The ability of scientific knowledge to contribute to public debate about societal risks depends on how the public assimilates information resulting from the scientific community. Bayesian decision theory assumes that people update a belief by allocating weights to a prior belief and new information to form a posterior belief. The purpose of this study was to determine the effects of prior beliefs on assimilation of scientific information and test several hypotheses about the manner in which people process scientific information on genetically modified food and global warming. Results indicated that assimilation of information is dependent on prior beliefs and that the failure to update beliefs in a Bayesian fashion is a result of several factors including: misinterpreting information, illusionary correlations, selectively scrutinizing information, information-processing problems, knowledge, political affiliation, and cognitive function.
URI: http://purl.umn.edu/162532
Institution/Association: Southern Agricultural Economics Association>2014 Annual Meeting, February 1-4, 2014, Dallas, Texas
Collections:2014 Annual Meeting, February 1-4, 2014, Dallas, Texas

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