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Persistent link: https://www.econbiz.de/10008657601
. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …
Persistent link: https://www.econbiz.de/10009735336
; promotion ; firing ; contract ; experiment ; learning … three mechanisms with the appropriate distribution of prizes. We test the model's predictions in a laboratory experiment and … behavior in all mechanisms is consistent with basic directional and reinforcement learning. -- tournament ; reward ; punishment …
Persistent link: https://www.econbiz.de/10009743404
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Credence goods, such as car repairs or medical services, are characterized by severe informational asymmetries between sellers and consumers, leading to fraud in the form of provision of insufficient service (undertreatment), provision of unnecessary service (overtreatment) and charging too much...
Persistent link: https://www.econbiz.de/10010237656
We compare the behavior of car mechanics and college students as sellers in experimental credence goods markets … learned in their professional training. -- artefactual field experiment ; car mechanics ; credence goods …
Persistent link: https://www.econbiz.de/10009736636
In an experiment, we study risk-taking of cohabitating student couples, finding that couples' decisions are closer to … groups, corroborating external validity of earlier results. -- risk experiment ; student couples ; group decision making …
Persistent link: https://www.econbiz.de/10009737512
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860 participants to examine the behaviors of financial professionals versus students. Moreover, inspired by the four … overall support for the results of Al'os-Ferrer et al. (2022) and that finance professionals rob less than students … treatment differences disappear, indicating similar behavior across individuals, pairs, finance professionals, and students …
Persistent link: https://www.econbiz.de/10014507161
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