experiment to pin down estimates of subjectsʼ beliefs. Estimates show that subjects are more reluctant to “update down” following …

sophisticated beliefs about others. Here we are interested in learning that occurs between games where the set of actions is not … occurs by switching from non-belief-based strategies to belief-based strategies. The sophistication of the beliefs themselves …

biased while preserving their self-image as ethical and identify limits to advisors' ability to self-deceive. In experiments … affects advisors' beliefs and preferences over the investments. Biased advice persists with minimal justifications but is …

We study first- and second-order subjective expectations (beliefs) in strategic decision-making. We elicit … probabilistically both first- and second-order beliefs and apply the method to a Hide-and-Seek experiment. We study the relationship … between choice and beliefs in terms of whether observed choice coincides with the optimal action given elicited beliefs. We …

optimal timing of productivity bonuses, I find that a decreasing path of beliefs reduces the cost of providing incentives …

unrelated third party more kindly. Numerous experiments document that subjects indeed ‘pay forward’ specific behavior. For …

are widely studied using either simulations or laboratory experiments. Simulations can show the dynamics of aggregate … behavior, but the results of such simulations depend on the type of strategies used. So far experiments provided little …

. Our findings draw attention to the detrimental effect of profit-seeking enforcement on the efficacy of punishment. …

experiments, and recent research has shown the importance of identity in a wide array of economic environments. But predictions …