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How Do People Learn by Listening to Others? Experimental Evidence from Thailand

Healy, Andrew - EconWPA - 2005

This paper presents experimental evidence about how individuals learn from information that comes from inside versus outside their ethnic group. In the experiment, Thai subjects observed information that came from Americans and other Thais that they could use to help them answer a series of...

Persistent link: https://www.econbiz.de/10005125584

HEURISTICS USED BY HUMANS WITH PREFRONTAL CORTEX DAMAGE: TOWARD AN EMPIRICAL MODEL OF PHINEAS GAGE

Houser, Daniel; McCabe, Kevin; Keane, Michael; Bechara, … - EconWPA - 2003

by pre-specifying a set of candidate decision-making heuristics and then assigning each subject to the heuristic that … type classification approach introduced by Houser, Keane and McCabe (2002) to investigate the heuristics used by subjects … that it does not require us to specify the nature of subjects’ heuristics in advance. Rather, both the number and nature of …

Persistent link: https://www.econbiz.de/10005062723

Investigating the distribution of the value of travel time savings

Fosgerau, Mogens - EconWPA - 2004

Persistent link: https://www.econbiz.de/10005118996

Investigating the distribution of the value of travel time savings

Fosgerau, Mogens - EconWPA - 2004

The distribution of the value of travel time savings (VTTS) is investigated employing various nonparametric techniques on a large, high quality data set. When background variables are not included in the model it is found that the right 13% tail of the distribution is not observed and hence the...

Persistent link: https://www.econbiz.de/10005119038

Evidence Theory: A Mathematical Framework for Unpredictable Hypotheses

Fioretti, Guido - EconWPA - 2002

Shafer's evidence theory is a branch of the mathematics of uncertain reasoning that allows for novel possibilities to be conceived by a decision-maker. Many of its findings exhibit striking similarities with an alternative decision theory purported by Shackle in the 1950s, before expected...

Persistent link: https://www.econbiz.de/10005125582

Learning to Respond: The Use of Heuristics in Dynamic Games

Shor, Mikhael - EconWPA - 2003

. A further objective is to determine which heuristics, or “rules of thumb,” when incorporated into learning models, are …

Persistent link: https://www.econbiz.de/10005062390

Little Information, Efficiency, and Learning - An Experimental Study

Mitropoulos, Atanasios - EconWPA - 2001

Earlier experiments have shown that under little information subjects are hardly able to coordinate even though there are no conflicting interests and subjects are organised in fixed pairs. This is so, even though a simple adjustment process would lead the subjects into the efficient, fair and...

Persistent link: https://www.econbiz.de/10005407575

CONSUMER SEARCH: NOT ENOUGH OR TOO MUCH?

Zwick, Rami; Rapoport, Amnon; Lo, Alison King Chung; … - EconWPA - 2001

We study search behavior in a generalized "secretary problem" environment in which consumers search sequentially for the best alternative from a known and finite set of multi-attribute alternatives. In contrast to most previous studies, we make no distributional assumptions about the quality of...

Persistent link: https://www.econbiz.de/10005408222

On the Measurement of the Predictive Success of Learning Theories in Repeated Games

Mitropoulos, Atanasios - EconWPA - 2001

The growing literature on learning in games has produced various results on the predictive success of learning theories. These results, however, were based on various methods of comparison. The present paper uses experimental data on a set of four games in order to check on the robustness of...

Persistent link: https://www.econbiz.de/10005408228

A cognitive approach to individual learning: some experimental results

Novarese, Marco; Rizzello, Salvatore - EconWPA - 2003

This study describe an experiment on individual learning in the domain of cognitive economics. The authors’ main goal is to observe and to describe how subjects elaborate rules and regularities in problem solving. Involved subjects are asked to choose between different scores related to an...

Persistent link: https://www.econbiz.de/10005556579

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