Haewon Yoon
Indiana University
Public economicsObservational learningHerd immunityPsychiatryDebtHigher educationCost–benefit analysisDynamic inconsistencyLive attenuated influenza vaccineConsumption (economics)Public healthDistressAnnual percentage rateLabour economicsEconometricsDemographyPsychologyVirologyMental accountingActuarial scienceEconomicsOrganizational learningMicroeconomicsGame theoryMeasure (mathematics)Extant taxonTime preferenceCognitive psychologyCognitive biasHuman mortality from H5N1PedagogyYoung adultRange (statistics)VaccinationPsychological interventionDisinhibitionIntertemporal choiceLoanTemporal discountingStudent debtDebiasingCravingNicotineTacit knowledgeBias blind spotHyperbolic discountingDecision aidsImpulsivityTask (project management)Intervention (counseling)ImmunizationEarningsInfluenza virus vaccineIncentiveHealth servicesFinancial costsOpting outComputer gameSelf-controlRepresentativeness heuristicFocus (computing)Process (engineering)Nash equilibriumExplicit knowledgeFunction (mathematics)DiscountingFundamental attribution errorRealization (systems)AltruismClinical psychologyMedicineApplied psychologySocial psychologyConfirmation biasYardstickDecision ruleSocial cognitionNudge theory
15Publications
5H-index
337Citations
Publications 15
Newest
#1Haewon Yoon (IU: Indiana University)H-Index: 5
#2Yang Yang (UF: University of Florida)H-Index: 9
Last. Carey K. Morewedge (BU: Boston University)H-Index: 27
view all 3 authors...
Student loans defer the cost of college until after graduation, allowing many students access to higher lifetime earnings and colleges and universities they otherwise could not afford. Even with student loans, however, we find students psychologically realize the financial costs of a college education long before their loan repayments begin. We theorize this early cost realization frames financial decisions between most pairs of colleges as an intertemporal tradeoff. Students choose between inve...
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#1Haewon YoonH-Index: 5
#2Yang YangH-Index: 9
Last. Carey K. MorewedgeH-Index: 1
view all 3 authors...
We propose a formal tuition myopia model of the decision-making process by which students evaluate the financial costs and returns of college. In simulations, surveys, and experiments, we find that...
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#1Haewon Yoon (IU: Indiana University)H-Index: 5
#2Irene Scopelliti (City University London)H-Index: 8
Last. Carey K. Morewedge (BU: Boston University)H-Index: 27
view all 3 authors...
Abstract Observational learning can debias judgment and decision making. One-shot observational learning-based training interventions (akin to “hot seating”) can produce reductions in cognitive biases in the laboratory (i.e., anchoring, representativeness, and social projection), and successfully teach a decision rule that increases advice taking in a weight on advice paradigm (i.e., the averaging principle). These interventions improve judgment, rule learning, and advice taking more than practi...
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#1Haewon Yoon (IU: Indiana University)H-Index: 5
#2Irene Scopelliti (Lond: University of London)H-Index: 8
Last. Carey K. Morewedge (BU: Boston University)H-Index: 1
view all 3 authors...
We find that observational learning, indirectly acquiring attitudes, norms, and skills by observing others, can be an effective debiasing intervention. Participants in a three-hour laboratory exper...
1 CitationsSource
Extant theories of intertemporal choice entangle two aspects of time preference: impatience and time inconsistency. Impatient people focus on present consumption without worrying too much about the...
1 CitationsSource
#1Haewon YoonH-Index: 5
#2Carey K. MorewedgeH-Index: 1
Last. Irene ScopellitiH-Index: 8
view all 3 authors...
Source
#1Haewon YoonH-Index: 5
#2Yang YangH-Index: 191
Last. Carey K. MorewedgeH-Index: 27
view all 3 authors...
#1Haewon Yoon (BC: Boston College)H-Index: 5
#2Gretchen B. Chapman (RU: Rutgers University)H-Index: 57
In intertemporal choice research, choice tasks (i.e., choosing between 80 today and 00 in a year) are often used to elicit a discount rate. The discount rate derived from a choice task, however, is largely restricted by the granularities and ranges of the questions asked. We examined this restriction in three popular discount rate measurements using simulations and experiments, and we propose an alternative procedure (Three-option Adaptive Discount rate measure (ToAD)), which is capable of me...
4 CitationsSource
#1Haewon YoonH-Index: 5
#2Yang YangH-Index: 9
Last. Carey K. MorewedgeH-Index: 27
view all 3 authors...
#1Carey K. Morewedge (BU: Boston University)H-Index: 27
#2Haewon Yoon (BU: Boston University)H-Index: 5
Last. Karim S. Kassam (CMU: Carnegie Mellon University)H-Index: 17
view all 6 authors...
From failures of intelligence analysis to misguided beliefs about vaccinations, biased judgment and decision making contributes to problems in policy, business, medicine, law, education, and private life. Early attempts to reduce decision biases with training met with little success, leading scientists and policy makers to focus on debiasing by using incentives and changes in the presentation and elicitation of decisions. We report the results of two longitudinal experiments that found medium to...
155 CitationsSource