We study a model of collective decision making with endogenous information collection.Agents collect information about … decision is made. The reason for this result is that communicationmay aggravate the free-rider problem associated with …

successfully but nevertheless lost public support, and vice versa. We show that learning dynamics can rationalize this apparent … identity (reform winner or loser?) more pessimistic about their chances of benefiting from the reform. Consequently, learning …

learning strategy will be used, because each performs better when it is less popular. Despite that, clustering may occur if … players choose their learning strategy on the basis of largely similar information. Finally, on average players will play Hawk …

Different theories of expectation formation and learning usually yield different outcomes for realized market prices in … dynamic models. The purpose of this paper is to investigate expectation formation and learning in a controlled experimental …

We develop a theoretical framework for studying the effects of interaction on the quaJity of decision-making by …

serial correlation in wage increases and promotion rates that employer learning about the worker's ability might be important …

. Subjects are less likely to make conditionally optimal production decision for given forecasts in treatment 3) where the …

We study two aspects of globalization. It allows a decision-maker to go beyond his own local experience and to learn … from other decision-makers in addressing common problems. This improves the identification and diffusion of best practices …. It also provides extra information to `markets' that evaluate decision-makers: comparisons become possible. We identify …