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The paper reports an experimental study based on a variant of the popular Chinos game, which is used as a simple but paradigmatic instance of observational learning. There are three players, arranged in sequence, each of whom wins a fixed price if she manages to guess the total number of coins...
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instrumental variable" (ORIV) approach of Gillen, Snowberg and Yariv (2019) could not remedy the problem. Second, the game appears …
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