common prior is induced, while for other distributions behavior is similar under both regimes. We also present a learning … show that this learning model accurately accounts for all main features of the data. …

common prior is induced, while for other distributions behavior is similar under both regimes. We also present a learning … show that this learning model accurately accounts for all main features of the data. …

. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, di®er strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …

. A comparison with play in a standard version of the game suggests, that the common claim that decision errors due to … learning cannot generate the kind of contribution dynamics commonly attributed to the existence of conditional cooperators. We … learning. …

. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, di®er strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …

We report an experiment examining risk taking and information aggregation in groups. Group members come to the table … information with fellow group members. They then make a decision under risk on behalf of the group using a random dictatorship … mechanism, as well as an individual decision. Our analysis reveals that, while the behavior of many subjects is consistent with …