This study aims to investigate the existence of Belief Model (BAM)
developed by Hogarth and Einhorn (1992) in investment decision making.
Particulary, this study examined: the effects of presentation patterns,
presentation orders, and information types (accounting or non-accounting
information) in investment decision making. This study used laboratory
experiment to test the hypotheses. Hypotheses were tested using t-test.
This study showed a "judgement bias" that is a recency which the effect
of presentation pattern is consecutive is higher than unconsecutively.
[ABSTRACT FROM AUTHOR]