Management Craft

Martin Weber

Researcher

Economist at the Institut fur Wirtschaftswissenschaften; co-author of the 1989 experiments showing better-informed people cannot ignore what they know when predicting what others will do.

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The Curse of Knowledge in Economic Settings: An Experimental AnalysisPaper · 1989Camerer, Loewenstein, and Weber's 1989 paper that put the curse of knowledge into the literature: once you know something, you cannot reliably predict the judgment of someone who does not. Its contribution is showing the bias survives money, feedback and market discipline, which are the three things economists expected would remove it.