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Determinants of trust : the role of personal experiences
Schwerter, Frederik; Zimmermann, Florian - 2019
Social interactions pervade daily life and thereby create an abundance of social experiences. Such personal experiences likely shape what we believe and who we are. In this paper, we ask if and how personal experiences from social interactions determine individuals' inclination to trust others?...
Persistent link: https://www.econbiz.de/10011987073
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Belief formation in a signalling game without common prior : an experiment
Possajennikov, Alexandre - 2012
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in … which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the … strategies of the players. The experimental subjects often start with diffuse uniform beliefs and update them in view of …
Persistent link: https://www.econbiz.de/10009535526
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On the Impulse in Impulse Learning
Ding, Jieyao - 2013
This paper experimentally investigates the nature of impulses in impulse learning. Particularly, we analyze whether positive feedback (i.e., yielding a superior payo in a game) or negative feedback (i.e., yielding an inferior payo in a game) leads to a systematic change in the individual...
Persistent link: https://www.econbiz.de/10013085982
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Traders, Forecasters and Financial Instability : A Model of Individual Learning of Anchor-and-Adjustment Heuristics
Makarewicz, Tomasz - 2019
(Learning-to-Forecast experiments) or individual trading (Learning-to-Optimize experiments). Bao et al. (2018) have shown that …
Persistent link: https://www.econbiz.de/10012894616
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Traders, forecasters and financial instability : a model of individual learning of anchor-and-adjustment heuristics
Makarewicz, Tomasz - 2019
(Learning-to-Forecast experiments) or individual trading (Learning-to-Optimize experiments). Bao et al. (2017) have shown that …
Persistent link: https://www.econbiz.de/10011956452
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Testing for Fictive Learning in Decision-Making Under Uncertainty
Bunn, Oliver - 2013
We conduct two experiments where subjects make a sequence of binary choices between risky and ambiguous binary … analyze with the alternating logistic regression (ALR) package in SAS. In both experiments, we reveal to each subject the …
Persistent link: https://www.econbiz.de/10013084883
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Fictive Learning in Choice under Uncertainty : A Logistic Regression Model
Brown, Donald - 2014
This paper is an exposition of an experiment on revealed preferences, where we posit a novel discrete binary choice model. To estimate this model, we use general estimating equations or GEE. This is a methodology originating in biostatistics for estimating regression models with correlated data....
Persistent link: https://www.econbiz.de/10013056705
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Agente Adaptable, Aprendizaje Y Estructura Del Ambiente : Un Enfoque Alternativo) (Adaptive Agents, Learning, and Environmental Structure: An Alternative Approach)
Lara Rivero, Arturo - 2014
This paper contrasts the concept of a complex, adaptive agent with the idea of a programmed agent, and develops a new vision of agent learning and structure. The concept of the agent is analyzed through a consideration of internal models, practice, the concept of routine and its influence on the...
Persistent link: https://www.econbiz.de/10013065843
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Cognitively-Constrained Learning from Neighbors
Li, Wei - 2019
Agents in a network want to learn the state of the world from their own signals and their neighbors' reports. But they are cognitively-constrained: they have finite and heterogeneous cognitive abilities. We model cognitive ability as a measure of their sophistication when they reason on behalf...
Persistent link: https://www.econbiz.de/10012859157
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Locally Bayesian Learning in Networks
Li, Wei - 2019
Agents in a network want to learn the true state of the world from their own signals and their neighbors' reports. Agents know only their local networks, consisting of their neighbors and the links among them. Every agent is Bayesian with the (possibly misspecified) prior belief that her local...
Persistent link: https://www.econbiz.de/10012859161