We study the inference and experimentation problem of an agent in a situation where the outcomes depend on the … external factors if they fail. They are too easily dissatisfied with their environment, which leads them to experiment in …

benchmark theory. The difference's robustness to a number of variations provides insights about the drivers of this effect. …

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 …

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 … in experimentation and a failure to activate self-regulation mechanisms. …

econometric learning scheme as proposed by Laubach, Tetlow, and Williams (2007) in the estimation and compare the results to those … form their expectations according to the learning approach. …