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There are many important decision problems where learning through experimentation is costly or impossible. In these situations, individuals may try to learn from observing the outcomes of others who have made similar decisions. Often, however, information about others comprises a selected...
Persistent link: https://www.econbiz.de/10011982107
How can naivete about present bias persist despite experience? To answer this question, our experiment investigates …
Persistent link: https://www.econbiz.de/10011976128
the need for a new theory of how cooperation emerges. … daher die Notwendigkeit einer neuen Theorie über die Entstehung von Kooperation nahe. …
Persistent link: https://www.econbiz.de/10010194591
We study long-run learning in an experimental Cournot game with no explicit information about the payoff function. Subjects see only the quantities and payoffs of each oligopolist after every period. In line with theoretical predictions and previous experimental findings, duopolies and...
Persistent link: https://www.econbiz.de/10009583743
described by the economic theory. We determine a significant influence of the labeling and the earmarking of taxes. We can show …
Persistent link: https://www.econbiz.de/10003962952
Informational Responsiveness is an important property of preference elicitation tools. We then test our property in an experiment in …
Persistent link: https://www.econbiz.de/10014323569
Persistent link: https://www.econbiz.de/10012433571
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external factors if they fail. They are too easily dissatisfied with their environment, which leads them to experiment in …
Persistent link: https://www.econbiz.de/10011930663
We study a model of task completion with the opportunity to learn about own self-control problems over time. While the agent is initially uncertain about her future self-control, in each period she can choose to learn about it by paying a non-negative learning cost and spending one period. If...
Persistent link: https://www.econbiz.de/10012118521