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The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani, Hirshleifer, and Welch (1992). The large amount of data makes it possible to estimate the empirically optimal action for a large variety of decision situations and ask about the economic...
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thus to display inertial behavior): A cognitive bias referred to as cognitive inertia and a bound on rationality which we …
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