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investigate this claim using a simple model of Bayesian learning. Two individuals with different priors observe the same infinite … implications for economic behavior in a range of circumstances. We illustrate how the type of learning outlined in this paper …
Persistent link: https://www.econbiz.de/10012760581
Using a high-stakes field experiment conducted with a financial brokerage, we implement a novel design to separately … asset, his peers may also want to purchase it, both because they learn from his choice ("social learning") and because his …
Persistent link: https://www.econbiz.de/10013103518
We study trading behavior and the properties of prices in informationally complex markets. Our model is based on the single-period version of the linear-normal framework of Kyle (1985). We allow for essentially arbitrary correlations among the random variables involved in the model: the value of...
Persistent link: https://www.econbiz.de/10013032405
We document a new fact about expectations: in response to the main shocks driving the business cycle, expectations underreact initially but overshoot later on. We show how previous, seemingly conflicting, evidence can be understood as different facets of this fact. We finally explain what the...
Persistent link: https://www.econbiz.de/10013305928
.39 and 0.23 standard deviations, respectively, after four years. We also identify important gender learning gaps with boys …
Persistent link: https://www.econbiz.de/10012862837
Classroom peers are believed to influence learning by teaching each other, and the efficacy of this teaching likely … curriculum and the instructional behavior of teachers. To fill this gap, we conduct a laboratory experiment in which subjects …-to-peer teaching and ability tracking. While peer-to-peer teaching improves learning among low-ability subjects, the positive effects …
Persistent link: https://www.econbiz.de/10012955453
We conduct a large scale RCT to investigate peer effects in computer assisted learning (CAL). Identification of peer … which peer effects unambiguously help weak students catch up with the rest of the class without imposing any learning cost …
Persistent link: https://www.econbiz.de/10012962075
This paper presents the first experimental evidence on the effects of live versus internet media of instruction. Students in a large introductory microeconomics course at a major research university were randomly assigned to live lectures versus watching these same lectures in an internet...
Persistent link: https://www.econbiz.de/10013038759
We present results about the effects of observing others' choices, called observational learning, on individuals …' behavior and subjective well-being in the context of restaurant dining from a randomized natural field experiment. Our … experimental design aims to distinguish observational learning effect from saliency effect (because observing others' choices also …
Persistent link: https://www.econbiz.de/10012775791
There has been a dramatic increase in the use of experimental methods in the past two decades. An oft-cited reason for this rise in popularity is that experimental methods provide the necessary control to estimate treatment effects in isolation of other confounding factors. We examine the...
Persistent link: https://www.econbiz.de/10012760103