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rationality behaviour by people. Quite recent developments in the Economics of Knowledge, i.e. the so-called learning models, have …
Persistent link: https://www.econbiz.de/10011502970
We study the impact of team decision making on market behavior and its consequences for subsequent individual performance in the Wason selection task, the single-most studied reasoning task. We reformulated the task in terms of "assets" in a market context. Teams of traders learn the task's...
Persistent link: https://www.econbiz.de/10009736599
We study the impact of team decision making on market behavior and its consequences for subsequent individual performance in the Wason selection task, the single-most studied reasoning task. We reformulated the task in terms of "assets" in a market context. Teams of traders learn the task's...
Persistent link: https://www.econbiz.de/10008780402
We study the impact of team decision making on market behavior and its consequences for subsequent individual performance in the Wason selection task, the single-most studied reasoning task. We reformulated the task in terms of "assets" in a market context. Teams of traders learn the task's...
Persistent link: https://www.econbiz.de/10013139333
An individual is affected by the curse of knowledge when he fails to appreciate the viewpoint of a lesser-informed agent. In contrast to a rational person, the cursed individual behaves as if part of his private information were common knowledge. This systematic cognitive bias alters many...
Persistent link: https://www.econbiz.de/10012129125
An individual is affected by the curse of knowledge when he fails to appreciate the viewpoint of a lesser-informed agent. In contrast to a rational person, the cursed individual behaves as if part of his private information were common knowledge. This systematic cognitive bias alters many...
Persistent link: https://www.econbiz.de/10012104838
We examine whether knowledge sharing can enhance the efficacy of implicit, trust-based incentives. Using a stark laboratory experiment, we find support for theory suggesting that individuals believe that their knowledge is an important part of their identity, making it costly to share, but...
Persistent link: https://www.econbiz.de/10012856051
Using the wisdom of crowds -- combining many individual judgments to obtain an aggregate estimate -- can be an effective technique for improving judgment accuracy. In practice, however, accuracy is limited by the presence of correlated judgment errors, which often emerge because information is...
Persistent link: https://www.econbiz.de/10014035922
transformation of learning environments. Its more or less formalized features reveal the difficulty of the transmission due to the … specific approach that mobilizes a collective learning action. …
Persistent link: https://www.econbiz.de/10011073873
Purpose: There is no learning without making mistakes. Collaboration, knowledge, and learning culture shape …. Methodology: New scales of the above constructs, including the learning culture scale, which is composed of the dimensions of … "acceptance of mistakes" and "learning climate," were developed and validated based on two samples: students aged 18-24 and …
Persistent link: https://www.econbiz.de/10012163111