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Using coordination games, we study whether social norm perception differs between inexperienced and experienced … the context of daily life does not differ between the two groups. We therefore conclude that learning through experience …
Persistent link: https://www.econbiz.de/10012103380
conclude that learning effects are more important than selection effects for explaining differences between inexperienced and …
Persistent link: https://www.econbiz.de/10011944119
Attention is a pivotal resource in the modern economy and plays an increasingly prominent role in economic analysis. We summarize research on attention from both psychology and economics, placing a particular emphasis on its capacity to explain numerous documented violations of classical...
Persistent link: https://www.econbiz.de/10014383940
We study compliance dynamics generated by a large set of behavioral rules describing social interaction in a population of agents facing an enforcement authority. When the authority adjusts the auditing probability every period, cycling in cheating-auditing occurs: Intensive monitoring induces...
Persistent link: https://www.econbiz.de/10010347038
theme in Joe Stiglitz monumental work, namely, the analysis of economies characterised by persistent learning and … major themes, namely, the consequences of learning and dynamic increasing returns, and "Keynesian" coordination failures …
Persistent link: https://www.econbiz.de/10011458677
This paper analyzes the effect of the availability of information about the payoff structure on the behavior of players … in a Common-Pool Resource game. Six groups of six individuals played a complete information game, while other six groups … played the same game but with no information about the payoff function. It will be shown that the patterns of investment …
Persistent link: https://www.econbiz.de/10011538855
learning processes exhibited by players. …
Persistent link: https://www.econbiz.de/10011539831
children. Spillovers to neighboring (untreated) mothers can be through social learning or imitation. Results from a difference … control group. Neighboring mothers exhibit learning spillovers, changes in dietary behavior and a reduction in food … expenditure regardless of their level of literacy. Spillovers not only raise the cost effectiveness of health information programs …
Persistent link: https://www.econbiz.de/10012985678
We study behavior in repeated interactions when agents have no information about the structure of the underlying game … and they cannot observe other agents' actions or payoffs. Theory shows that even when players have no such information …, simple payoff-based learning rules eventually lead to equilibrium. Such rules have previously been documented for some forms …
Persistent link: https://www.econbiz.de/10013014874
Persistent link: https://www.econbiz.de/10011485345