Showing 1 - 10 of 47
We examine rational learning among expert chess players and how they update their beliefs in repeated games with the …
Persistent link: https://www.econbiz.de/10009225763
What type of businesses do unions target for organizing? A dynamic model of the union organizing process is constructed to answer this question. A union monitors establishments in an industry to learn about their productivity and decides which ones to organize and when. An establishment becomes...
Persistent link: https://www.econbiz.de/10010959698
We present a structural model of firm growth, learning, and survival and consider its identification and estimation. In the model, entrepreneurs have private and possibly errorridden observations of persistent and transitory shocks to profit. We demonstrate that the model's parameters can be...
Persistent link: https://www.econbiz.de/10005703362
We investigate the link between leadership, beliefs and pro-social behavior. This link is interesting because field … influenced by leaders (CEOs, politicians) and beliefs about others' behavior. Our framework is an experimental public goods game … with a leader. We find that leaders strongly shape their followers' initial beliefs and contributions. In later rounds …
Persistent link: https://www.econbiz.de/10010959829
, imagination and independence in children) to five different measures of religiosity, including beliefs and attendance. We control …
Persistent link: https://www.econbiz.de/10011265295
malaria more salient, leading to a change in beliefs about its importance and to an increase in private health investments. …
Persistent link: https://www.econbiz.de/10010839294
We study beliefs and choices in a repeated normal-form game. In addition to a baseline treatment with common knowledge … beliefs as well as for the accuracy of their beliefs (relative to the opponent’s true choice). In the baseline treatment we … observe more sophisticated play as well as more accurate beliefs and more best responses to beliefs over time. We isolate …
Persistent link: https://www.econbiz.de/10005822932
educational bureaucracy. It is documented that the beliefs of that bureaucracy differ substantially from those of the broader … entropy defines how predictable one's occupation is as a function of one's beliefs. Heritability is the weight of the family …'s beliefs in the determination of the priors of a new generation. Both heritability and social entropy reduce the bias and makes …
Persistent link: https://www.econbiz.de/10008506888
. Besides making choices, decision makers have to state their first- and second-order beliefs. We find that teams play the Nash … strategy significantly more often, and their choices are more often consistent by being a best reply to first order beliefs. We … to textbook rationality. Using a mixture model, the estimated probability to play strategically is 62% for teams, but …
Persistent link: https://www.econbiz.de/10008480923
primitives such as preferences and beliefs. I review strong biological and behavioral evidence indicating that trusting is not … preferences and beliefs, and it suggests ways to examine and interpret a causal role of trust. …
Persistent link: https://www.econbiz.de/10005700964