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The minority of three-game: an experimental and theoretical analysis
Chmura, Thorsten; Güth, Werner; Pitz, Thomas; … - 2010
; Mixed strategy ; Learning models ; Experiments …
Persistent link: https://www.econbiz.de/10008689027
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Do we follow private information when we should? : laboratory evidence on naϊve herding
March, Christoph; Krügel, Sebastian; Ziegelmeyer, Anthony - 2012
. -- Information cascades ; Laboratory experiments ; Naive herding …
Persistent link: https://www.econbiz.de/10009487805
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Hidden costs of control : three repetitions and an extension
Ploner, Matteo; Schmelz, Katrin; Ziegelmeyer, Anthony - 2010
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
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Behavioral social learning
March, Christoph; Ziegelmeyer, Anthony - 2009
We revisit the economic models of social learning by assuming that individuals update their beliefs in a non …. Additionally, a model of social learning with bounded private beliefs and sufficiently rich updating rules corresponds to a model … of social learning with unbounded private beliefs. A straightforward implication is that heterogeneity in updating rules …
Persistent link: https://www.econbiz.de/10003924223