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different cognitive abilities learn differently, we estimate a structural model of learning based on level-k reasoning. We find …
Persistent link: https://www.econbiz.de/10011259076
news), whether learning performance is better or worse when people are actively investing in a security or passively … observing the security’s payoffs, and whether there are personal characteristics that correlate with learning performance. The …. Within individual, learning from gains versus losses, or during active versus passive involvement, are not perfectly …
Persistent link: https://www.econbiz.de/10011260470
literature on learning. …
Persistent link: https://www.econbiz.de/10008788790
We present an experiment for the study of learning in a complex task which requires both memorisation and the ability …
Persistent link: https://www.econbiz.de/10005790147
Bateson. Learning requires to recognize a series of situations as identical and then to observe the effect of given variables … hypothesis to be continuously tested. This vision of bounds and learning has many implications for the debate on rationality and …
Persistent link: https://www.econbiz.de/10005616822
deviations from Bayesian learning, although subjects overadjust/underadjust their priors and their confidence in multiple priors …
Persistent link: https://www.econbiz.de/10011258993
We examine subjects’ behavior in sender-receiver games where there are gains from trade and alignment of interests in one of the two states. We elicit subjects’ beliefs, risk and other-regarding preferences. Our design also allows us to examine the behavior of subjects in both roles, to...
Persistent link: https://www.econbiz.de/10011259082
indicates a possible learning effect as the experiment progressed. Furthermore, participants who were shown the graph with …
Persistent link: https://www.econbiz.de/10011260548
The need for justification is a widely observed social phenomenon. This paper develops a theoretical framework and reports laboratory evidence to show how pure justification pressure affects cooperative behavior in economic exchange environments. In a one-shot anonymous interaction, compared...
Persistent link: https://www.econbiz.de/10009422008
We present an experiment for the study of learning in a complex task which requires both memorisation and the ability …
Persistent link: https://www.econbiz.de/10014223185