Observational learning theories often assume that people's actions can be observed. However, in many naturally-occurring environments, individuals can choose whether to disclose their behavior to others. We provide theoretical analysis of observational learning under optional disclosure...

Many economic decisions, such as whether to invest in developing new skills, change professions, or purchase a new technology, benefit from accurate estimation of skill acquisition. We examine the accuracy of such predictions by having experimental participants predict the speed at which they...

Payments and discounts incentivize participation in many transactions about which people know little, but can learn more --- payments for medical trial participation, signing bonuses for job applicants, or price rebates on consumer durables. Who opts into the transaction when given such...

Do people know their own risk preferences, or do risk choices change with experience and observation? We provide a clean and straightforward test in the laboratory. People make an initial decision concerning a lottery choice and then experience 24 practice periods in which they roll the dice,...

Can algorithms help people predict behavior in high-stakes prisoner’s dilemmas? Participants watching the pre-play communication of contestants in the TV show Golden Balls display a limited ability to predict contestants’ behavior, while algorithms do significantly better. We provide...

Previous research has shown that feedback about past performance has ambiguous effects on subsequent performance. We argue that feedback affects beliefs in different dimensions – namely beliefs about the level of human capital and beliefs about the ability to learn – and this may explain...

Previous research has shown that feedback about past performance has ambiguous effects on subsequent performance. We argue that feedback affects beliefs in different dimensions - namely beliefs about the level of human capital and beliefs about the ability to learn - and this may explain some of...

We run an experiment to compare belief formation and learning under compound risk and under ambiguity at the individual level. We estimate a four-type mixture model assuming that subjects may either follow Bayes Rule or behave according to the multiple priors model of Epstein and Schneider...

This paper examines the influence of pre-experiment tasks on subject understanding. It used a 2x2 design varying the type of instructions and whether or not the pre-experiment quiz was incentivized. The Standard instructions were written closely replicate instructions used in prior economics...

Game-theoretic models of learning are hard to study even in the laboratory setting due to econometric and practical concerns (like the limited length of an experimental session).In particular, as the simulations by (Salmon, 2001) show, in a cross-model (or "blind'') testing of several models,...