Experiment 1

Participants will be given the historical value of a stock's prices and asked to predict what will happen to the stock price a month from the last value presented. They will also be asked to decide how much money they want to allocate to the stock. Before making their prediction, participants will read one of two short articles. The article will state either that experts can accurately predict the future value of a stock price or that experts cannot accurately predict the future value of a stock price. After reading the article, the participants will predict the change in price for a month after the last value presented and report how much money they would invest in that stock.