Projection Bias in Divorce
نویسنده
چکیده
Projection bias is a well-known cognitive bias (Loewenstein, O’Donoghue, and Rabin, 2003). In this paper, we examine projection bias in divorce decision, which is potentially one of the most important lifetime decisions. The enforcement of a compulsory waiting period between divorce filing and a complete change in status in Korea provides us with a unique opportunity to test for projection bias in divorce. The data allow us to infer how many divorce filers reverse their initial intention to divorce after a “cooling off” period. Our quasi-natural experimental findings show that even this crucial decision making can be erroneous due to projection bias. About 4.7% of divorces arise impulsively.
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