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The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani … variety of decision situations and ask about the economic significance of suboptimal play. For example, one can ask how much … contradict their own information. The answer is 53% on average across all experiments - only slightly more than what they would …
Persistent link: https://www.econbiz.de/10013325050
instrument or the size of the average treatment effect. With experiments, violation is more likely if the treatment and control …
Persistent link: https://www.econbiz.de/10012777599
Recent experiments show that public goods can be provided at high levels when mutual monitoring and costly punishment … are allowed. All these experiments, however, study monitoring and punishment in a setting where all agents can monitor and … fundamental, properties in graph theory allow us to interpret the variation in the patterns of behavior that arise in the …
Persistent link: https://www.econbiz.de/10013136030
We design and implement a field experiment that provides students from less advantaged backgrounds with individualized …
Persistent link: https://www.econbiz.de/10012978953
feedback as the main driving force of learning to play strategically and to form beliefs that accurately predict the behavior …
Persistent link: https://www.econbiz.de/10013325045
evidence from dozens of laboratory experiments that investigate the measurement and manipulation of an array of psychological … ability and the level and fluctuation of hormones.Rules that promote deliberative decision making can improve market …
Persistent link: https://www.econbiz.de/10012917090
ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable … of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment ….To understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning …
Persistent link: https://www.econbiz.de/10013052550
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores on the Cognitive Reflection Test of Frederick (2005)...
Persistent link: https://www.econbiz.de/10013324818
affects the behavior of committee members and the decision-making accuracy. Our theoretical analysis generates two major …
Persistent link: https://www.econbiz.de/10013315273
This paper reports results from a unique two-stage experiment designed to examine the spillover effects of optimism and …
Persistent link: https://www.econbiz.de/10012729796