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Nooteboom, Bart - 2005

Trust is full of puzzle and paradox. Trust is both rational and emotional. Trust can go beyond calculative self-interest, but has its limits. People may want to trust, while they may also feel threatened by it. If trust is not in place prior to a relationship, on the basis of institutions, prior...

Persistent link: https://www.econbiz.de/10014065501

Confusion and reinforcement learning in experimental public goods games

Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - 2009

Persistent link: https://www.econbiz.de/10008657601

Confusion and reinforcement learning in experimental public goods games

Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - 2009

We use a limited information environment to mimic the state of confusion in an experimental, repeated public goods game. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games. However, closer inspection shows that individual decay...

Persistent link: https://www.econbiz.de/10009735336

Naïve learning in social networks with random communication

Heidergott, Bernd; Huang, Jiaping; Lindner, Ines - 2018

We study social learning in a social network setting where agents receive independent noisy signals about the truth. Agents naïvely update beliefs by repeatedly taking weighted averages of neighbors' opinions. The weights are fixed in the sense of representing average frequency and intensity of...

Persistent link: https://www.econbiz.de/10011801379

Learning the law together : judges, litigants, and case-by-case adjudication

Cameron, Charles M.; Kornhauser, Lewis A. - In: Journal of institutional and theoretical economics : JITE 179 (2023) 1, pp. 65-87

Persistent link: https://www.econbiz.de/10014231460

Confidence in Knowledge or Confidence in the Ability to Learn : an Experiment on the Causal Effects of Beliefs on Motivation

Fischer, Mira - 2018

confidence in the ability to learn raises incentives, while confidence in the level of human capital lowers incentives for …

Persistent link: https://www.econbiz.de/10012926724

The strength of weak leaders : an experiment on social influence and social learning in teams

Buechel, Berno; Klößner, Stefan; Lochmüller, Martin; … - 2018

lab experiment in which an incentivized guessing task is repeated in a star network with the leader at the center. Leader … selection is either based on competence, on self-confidence, or made at random. Teams with random leaders do not underperform … compared to competent leaders, and they even outperform teams whose leader is selected based on self-confidence. The reason is …

Persistent link: https://www.econbiz.de/10011794457

Imperfect information transmission and adverse selection in asset markets

Choi, Michael - In: Journal of economic theory 176 (2018), pp. 619-649

Persistent link: https://www.econbiz.de/10011980914

Policy experimentation, political competition, and heterogeneous beliefs

Millner, Antony; Ollivier, Hélène; Simon, Leo - In: Journal of Public Economics 120 (2014) C, pp. 84-96

that all incumbents can find it optimal to ‘over experiment’, relative to a counterfactual in which they are sure to be in …

Persistent link: https://www.econbiz.de/10011117645

Policy experimentation, political competition, and heterogeneous beliefs.

Millner, Antony; Ollivier, Helene; Simon, Leo - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2014

demonstrates that all incumbents can find it optimal to ‘over experiment’, relative to a counterfactual in which they are sure to …

Persistent link: https://www.econbiz.de/10010791257