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Counter intuitive learning : an exploratory study
Hanaki, Nobuyuki; Kirman, Alan P.; Pezanis-Christou, Paul - 2016
The literature on learning in unknown environments emphasises reinforcing on actions which produce positive results …
Persistent link: https://www.econbiz.de/10011517970
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Strategic experimentation : the case of poisson bandits
Cripps, Martin; Keller, Godfrey; Rady, Sven - 2002
This paper studies a game of strategic experimentation in which the players have access to two-armed bandits where the risky arm distributes lumpsum payoffs according to a Poisson process with unknown intensity. Because of free-riding, there is an inefficiently low level of experimentation in...
Persistent link: https://www.econbiz.de/10011410236
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Policy experimentation, political competition, and heterogeneous beliefs
Millner, Antony; Ollivier, Hélène; Simon, Leo K. - 2014
endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition …
Persistent link: https://www.econbiz.de/10010366185
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Ultimatum game behavior in a social-preferences vacuum chamber
Benndorf, Volker; Grosse Brinkhaus, Thomas; Siemens, … - 2021
findings are strategic uncertainty and incomplete learning. …
Persistent link: https://www.econbiz.de/10012612955
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Learning capitalism the hard way : evidence from German reunification
Triebs, Thomas P.; Tumlinson, Justin - 2016
We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical … improvements from learning are faster where market signals are noisier. …
Persistent link: https://www.econbiz.de/10011580632
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Learning about one's self
Le Yaouanq, Yves; Schwardmann, Peter - 2019
the nature of the task at the second date further shows that learning is unencumbered by a change in environment. Our …
Persistent link: https://www.econbiz.de/10011958789
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The dynamics of domestic violence : learning about the match
Anderberg, Dan; Mantovan, Noemi; Sauer, Robert M. - 2018
We present a dynamic lifecycle model of women's choices with respect to partnership status, labour supply and fertility when a male partner's true tendency for abusive behaviour is unobserved. The model is estimated by the method of simulated moments using longitudinal data from the Avon...
Persistent link: https://www.econbiz.de/10011822638
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The economics of attention
Loewenstein, George F.; Wojtowicz, Zachary - 2023
Attention is a pivotal resource in the modern economy and plays an increasingly prominent role in economic analysis. We summarize research on attention from both psychology and economics, placing a particular emphasis on its capacity to explain numerous documented violations of classical...
Persistent link: https://www.econbiz.de/10014383940
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Adaptive social learning
March, Christoph - 2016
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 …
Persistent link: https://www.econbiz.de/10011434567
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Altruistic observational learning
March, Christoph; Ziegelmeyer, Anthony - 2016
We report two information cascade game experiments that directly test the impact of altruism on observational learning … opportunities to learn about the strategies played by observed which amplifies the impact of altruism on observational learning. …
Persistent link: https://www.econbiz.de/10011436128