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Cross-game learning and cognitive ability in auctions

Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2022

ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account …-game learning for cognitively less able participants but does not affect overbidding for the cognitively more able. Vice versa …, 'cross-game learning' may rather be understood as 'cross-game transfer', as it has the potential to benefit bidders with …

Persistent link: https://www.econbiz.de/10014476711

Peer effects of ambition

Albert, Philipp; Kübler, Dorothea; Silva-Goncalves, Juliana - 2019

Ambition as the desire for personal achievement is an important driver of behavior. Using laboratory experiments, we study the role of social influence on ambition in two distinct domains of achievement, namely performance goals and task complexity. In the first case, participants set themselves...

Persistent link: https://www.econbiz.de/10012033501

Learning about ones' self

Le Yaouanq, Yves; Schwardmann, Peter - 2019

the nature of the task at the second date further shows that learning is unencumbered by a change in environment. Our …

Persistent link: https://www.econbiz.de/10011976128

Cognitive ability and perceived disagreement in learning

Evdokimov, Piotr; Garfagnini, Umberto - 2023

disagreement regardless of cognitive ability. Learning about the state of the world has little effect on the evolution of perceived …

Persistent link: https://www.econbiz.de/10014477417

Everyday econometricians : selection neglect and overoptimism when learning from others

Barron, Kai; Huck, Steffen; Jehiel, Philippe - 2019

There are many important decision problems where learning through experimentation is costly or impossible. In these …. In this paper, we design an investment game which allows us to study the influence of selection when learning from others …

Persistent link: https://www.econbiz.de/10011982107

Inflation expectations, disagreement, and monetary policy

Hoffmann, Mathias; Hürtgen, Patrick - 2016

Survey data on inflation expectations show that: (i) private sector forecasts and central bank forecasts are not fully aligned and (ii) private sector forecasters disagree about inflation expectations. To reconcile these two facts we introduce dispersed information in a New Keynesian model,...

Persistent link: https://www.econbiz.de/10011520661

Tales of transition paths : policy uncertainty and random walks

Hollmayr, Josef; Matthes, Christian - 2015

What happens when fiscal and/or monetary policy changes systematically? We construct a DSGE model in which agents have to estimate fiscal and monetary policy rules and assess how uncertainty surrounding the conduct of policymakers influences transition paths after policy changes. We find that...

Persistent link: https://www.econbiz.de/10011292321

It's not my fault! : self-confidence and experimentation

Hestermann, Nina; Le Yaouanq, Yves - 2018 - Current draft: October 8, 2018

We study the inference and experimentation problem of an agent in a situation where the outcomes depend on the individual's intrinsic ability and on an external variable. We analyze the mistakes made by decision-makers who hold inaccurate prior beliefs about their ability. Overconfident...

Persistent link: https://www.econbiz.de/10011930663

Search on a grid : directed consumer search with correlated products

Gambato, Jacopo - 2024

two new attributes is found. The search paths emerging from this policy match recent evidence of consumer learning through …

Persistent link: https://www.econbiz.de/10014566746

From imitation to collusion : long-run learning in a low-information environment

Friedman, Daniel; Huck, Steffen; Oprea, Ryan; … - 2012 - August 2012 (revised October 2013)

We explore the stability of imitation in a 1,200-period experimental Cournot game where subjects do not know the payoff function but see the output quantities and payoffs of each oligopolist after every period. In line with theoretical predictions and previous experimental findings, our...

Persistent link: https://www.econbiz.de/10010194591