Showing 1 - 6 of 6
We report three repetitions of Falk and Kosfeld's (2006) C5 and C10 treatments whose results largely conflict with those of the original study. We mainly observe hidden costs of control of low magnitude which lead to low-trust principal-agent relationships. We also report an extension where...
Persistent link: https://www.econbiz.de/10003943978
. -- Information cascades ; Laboratory experiments ; Naive herding …
Persistent link: https://www.econbiz.de/10009487805
This paper examines the occurrence and fragility of information cascades in laboratory experiments. One group of low … private information. In line with existing experiments on information cascades, we find some evidence that low informed …
Persistent link: https://www.econbiz.de/10003803102
; Mixed strategy ; Learning models ; Experiments …
Persistent link: https://www.econbiz.de/10008689027
We revisit the economic models of social learning by assuming that individuals update their beliefs in a non-Bayesian way. Individuals either overweigh or underweigh (in Bayesian terms) their private information relative to the public information revealed by the decisions of others and each...
Persistent link: https://www.econbiz.de/10003924223
learning in information cascade experiments. He concludes that participants perform poorly when learning from others and that … rejected, but we measure a much larger success of social learning. -- Information Cascades ; Laboratory Experiments ; Quantal …
Persistent link: https://www.econbiz.de/10009500719