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We investigate experimentally whether social learners appreciate the redundancy of information conveyed by the behavior of those they observe. Each experimental participant observes a private signal and enters an estimate of the sum of all earlier-moving participants' signals plus her own. In a...
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Despite recent advances in reputation technologies, it is not clear how reputation systems can affect human cooperation … in social networks. Although it is known that two of the major mechanisms in the evolution of cooperation are spatial …. Here, we present a new individual-based model for the evolution of reciprocal cooperation between reputation and networks …
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response, farmers may curb investment, negatively affecting farm productivity. In an experiment, we entitle randomly selected …
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This paper reports results from social learning experiments where subjects choose between two options and each subject has a small chance of being perfectly informed about which option is correct. In treatment 'sequence,' subjects observe the entire sequence of predecessors' choices while in...
Persistent link: https://www.econbiz.de/10014203747
The first essay “Informational Asymmetries in Laboratory Asset Markets with State-Dependent Fundamentals” investigates the formation of market prices in a new experimental setting involving multi-period call-auction asset markets. In this paper, we are particularly interested in two...
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