learning as a two-armed bandit problem and highlight the interaction between learning (experimentation) and production. We …

We report two information cascade game experiments that directly test the impact of altruism on observational learning … substantial public information which increases the earnings of participants. In Experiment 2, participants have better … opportunities to learn about the strategies played by observed which amplifies the impact of altruism on observational learning. …

knowledge. To assess the effect of information asymmetries on prosocial behavior, we conduct a laboratory experiment with a … individuals with the same type of preferences transfer, under asymmetric information different types transfer at the same time. As … a consequence and the main finding of our experiment, uninformed dictators behave more prosocially than informed …

The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly … interact in social-learning settings with distinct information structures. In each round of interaction, they use their … behavior in the long-run if and only if individuals distinguish social-learning settings and receive rich feedback after each …

study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills … losses from high bids are more salient than in SPAs. Experience in FPAs causes substantial cross-game learning for … bid shading by cognitively more able participants, resulting in lower profits in FPAs. Thus, cross-game learning has the …

experiment with 743 subjects whether small-scale, seemingly negligible, events also affect the formation of risk preferences. In … line with a reinforcement learning model, we find that subjects who won a random lottery took significantly more risk in a … second lottery almost a year later. The same pattern emerges in another experiment with 136 subjects where the second lottery …