other, and can delay their decision. Subjects acted rationally, gaining from observational learning, despite penalties for … delay. Cascades were ubiquitous and reverse-cascades occurred in which incorrect decisions made by early decision … incorrectly despite following the majority view. This led many to add extra delay to future decision-making. It is argued that …

ability to that of character skills, and find that both cognition and personality affect behavior and learning.  More … of play towards Nash equilibrium in repeated strategic interactions.  We study behavior in a p-beauty contest experiment … learning based on level-k reasoning.  We find a systematic positive relationship between cognitive ability and levels …

experiment we report was designed to test for trust responsiveness and its robustness across payoff structures, and to …

Models of macroeconomic learning are populated by agents who possess a great deal of knowledge of the "true" structure … of the economy, and yet ignore the impact of their own learning on that structure; they may learn about an equilibrium …, but they do not learn within it.  An alternative learning model is presented where agents' decisions are informed by …

equilibrium in repeated strategic interactions. We study behaviorin a p-beauty contest experiment and find striking differences … different cognitive abilities learn differently,we estimate a structural model of learning based on level-k reasoning. We find … intobetter analytic reasoning and a better ‘theory of mind’. …

risk management equilibrium. Results are derived under a constraint of no-distress at the time of the investment decision …