The Curse of Knowledge in Economic Settings¶
Camerer, C., Loewenstein, G., & Weber, M. (1989). The Curse of Knowledge in Economic Settings: An Experimental Analysis. Journal of Political Economy, 97(5), 1232-1254.
Cited by¶
5 citations across 5 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Theory Of Mind
- In teaching, the modeller is the instructor, the target is the student, and the prime's central discipline is the antidote to the curse of knowledge — a theory-of-mind failure in which the expert routes explanation through its own world-model (where the concept is obvious) instead of the student's (where it is not).
This sourceDemonstrates the curse of knowledge — better-informed agents systematically over-attribute their own knowledge to less-informed others.
- In teaching, the modeller is the instructor, the target is the student, and the prime's central discipline is the antidote to the curse of knowledge — a theory-of-mind failure in which the expert routes explanation through its own world-model (where the concept is obvious) instead of the student's (where it is not).
Domain-specific¶
Mechanisms¶
- Minimum Viable Documentation
- Its failure mode is the curse of knowledge: an expert author cannot un-know the context and so writes docs that are perfectly clear to themselves and useless to the newcomer, silently assuming the very steps the reader is missing.
This sourceShows that better-informed people cannot fully ignore private knowledge when estimating less-informed judgments.
- Its failure mode is the curse of knowledge: an expert author cannot un-know the context and so writes docs that are perfectly clear to themselves and useless to the newcomer, silently assuming the very steps the reader is missing.
- Perspective-Taking Interview
- Its strength is that it is the most direct antidote to the curse of knowledge — the near-inability of someone who knows a thing to model someone who doesn't
This sourceFinds that better-informed agents systematically fail to reproduce less-informed agents’ judgments because they cannot ignore their own information.
- Its strength is that it is the most direct antidote to the curse of knowledge — the near-inability of someone who knows a thing to model someone who doesn't
- Semantic Usability Test
- The subtler trap is the curse of knowledge: once you know what a label means you cannot un-know it
This sourceDemonstrates that better-informed people cannot fully ignore their additional knowledge when predicting less-informed judgments.
- The subtler trap is the curse of knowledge: once you know what a label means you cannot un-know it
Verification¶
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