Justin Sydnor

Justin Sydnor

Economist and co-author, with Nicola Lacetera and Devin Pope, of the 2012 American Economic Review paper on odometer readings and used-car prices.

Who they are

Justin R. Sydnor is the third author of the 2012 paper. The working-paper version, NBER Working Paper 17030 (May 2011), states that part of the research was carried out while he and Nicola Lacetera were in the Economics Department at Case Western Reserve University.

Key papers

Lacetera, N., Pope, D. G., & Sydnor, J. R. (2012). Heuristic thinking and limited attention in the car market. American Economic Review, 102(5), 2206-2236. doi:10.1257/aer.102.5.2206

Key ideas

The paper reports left-digit bias in odometer readings across more than 22 million wholesale used-car transactions, and argues that information-processing heuristics matter even in markets with large stakes and easily observed information. See The Left-Digit Effect.

Sources

  1. Lacetera, N., Pope, D. G., & Sydnor, J. R. (2012). Heuristic thinking and limited attention in the car market. American Economic Review, 102(5), 2206-2236. doi:10.1257/aer.102.5.2206
  2. NBER Working Paper 17030, Lacetera, Pope and Sydnor, May 2011.