Showing 1 - 10 of 532
Do agents believe to be agreeing more with others in the long-run? This paper designs an experiment to study how … disagreement regardless of cognitive ability. Learning about the state of the world has little effect on the evolution of perceived …
Persistent link: https://www.econbiz.de/10014477417
We demonstrate in a laboratory experiment in which subjects play a two-player Cournot-Tullock game over hundreds of … periods of varying length that full accounts of subjects' learning requires the consideration of, both, 'period time' and …
Persistent link: https://www.econbiz.de/10013326949
How can naivete about present bias persist despite experience? To answer this question, our experiment investigates … 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/10011976128
Persistent link: https://www.econbiz.de/10014486852
ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account …-game learning for cognitively less able participants but does not affect overbidding for the cognitively more able. Vice versa …, 'cross-game learning' may rather be understood as 'cross-game transfer', as it has the potential to benefit bidders with …
Persistent link: https://www.econbiz.de/10014476711
We conduct a randomized field experiment to study the effects of two financial education interventions offered to small …-scale retailers in Uganda. The treatments contrast "active learning" with "traditional lecturing" within standardized lesson-plans. We … find that active learning has a positive and economically meaningful impact on savings and investment outcomes, in contrast …
Persistent link: https://www.econbiz.de/10011975912
We investigate experimentally whether social learners appreciate the redundancy of information conveyed by their observed predecessors' actions. Each participant observes a private signal and enters an estimate of the sum of all earlier-moving participants' signals plus her own. In a first...
Persistent link: https://www.econbiz.de/10011899219
We explore the stability of imitation in a 1,200-period experimental Cournot game where subjects do not know the payoff function but see the output quantities and payoffs of each oligopolist after every period. In line with theoretical predictions and previous experimental findings, our...
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 …-shot game. Our results suggest a new explanation for the emergence of cooperation. -- Cournot oligopoly ; imitation ; learning …
Persistent link: https://www.econbiz.de/10009583743
between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by … the literature and, as a result, evidence that consistency is a proxy of decision-making ability is often based on … incorrect identification strategies. We conduct an experiment to investigate the factors that drive violations of consistency …
Persistent link: https://www.econbiz.de/10014323610