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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/10012460419
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/10012458151
We document a new fact about expectations: in response to the main shocks driving the business cycle, expectations under-react initially but over-shoot 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/10012481502
investigate this claim using a simple model of Bayesian learning. Two individuals with different priors observe the same infinite … behavior in a range of circumstances. We illustrate how the type of learning outlined in this paper interacts with economic …
Persistent link: https://www.econbiz.de/10012466013
experiment to promote learning about COVID-19 among Mozambican adults, we study the interaction between a supply and a demand …Interventions to promote learning are often categorized into supply- and demand-side approaches. In a randomized …
Persistent link: https://www.econbiz.de/10012599266
.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/10012480224
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/10012462566
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/10012465130
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/10012455242
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/10012455486