We study learning in a simulated tournament using an inter-generational framework. Here a group of subjects are …) receive advice from that predecessor via free-form messages that generation t players leave for their generation t+1 … successors. We find that the presence of advice makes a difference in that the experimental groups who get advice perform better …

a standard social-learning problem. The experiment is designed so that both pieces of information ? actions and advice …Social learning is the process of individuals learning by observing the actions of others. In the real world, however …, although people learn by observing the actions of others, they also learn from advice. This paper introduces advice giving into …

We study learning in a simulated tournament using an inter-generational framework. Here a group of subjects are …) receive advice from that predecessor via free-form messages that generation t players leave for their generation t+1 … successors. We find that the presence of advice makes a difference in that the experimental groups who get advice perform better …

of advice worth. In other words, if advice is important than we should be able to measure it in two ways: How much data … would a rational decision maker be willing to give up in order to receive a piece of advice from a person who has just … advice from a person with a given set of characteristics. A related, and perhaps more interesting, question deals with the …

played by a sequence of non-overplapping agents, who pass on advice on how to play the game across adjacent generations of … players. Using the trust game of Berg et al. (1995) as our experimental decision problem, advice seems to decrease the amount … sent from Senders to Returners. Ironically, advice increases trustworthinessin that Returners tend to send more back …

standard social-learning problem. The experiment is designed so that both pieces of information - action and advice - are …Social learning is the process of individuals learning by observing the actions of others. One odd aspect of the … literature on social learning though is that, ironically, learning is not very social because in the real world, although people …