We designed four observational learning experiments to identify the key channels that, along with Bayes …-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in … actions, but they overweight their low quality signals relative to public information. Experiments 2-4 reveal that non …

maximization problem of the firm. As a result, monitoring and pay should be complements. In our experiment, between and within …

productivity and their social preferences. This paper presents causal evidence that they do. In a real-effort experiment, we elicit …

We study the spillover effects of minimum wages in a laboratory experiment. In a bilateral firm-worker bargaining …

issues in a theory-guided lab experiment. Easily attainable (“belief-based”) protection indeed leads to more reports, both …

Real-effort experiments are frequently used when examining a response to incentives. For any particular real …