Showing 1 - 10 of 2,597
We experimentally implement a dynamic public-good problem, where the public good in question is the dynamically evolving information about agents' common state of the world. Subjects' behavior is consistent with free-riding because of strategic concerns. We also find that subjects adopt more...
Persistent link: https://www.econbiz.de/10012598548
learning cannot generate the kind of contribution dynamics commonly attributed to the existence of conditional cooperators. We … learning. -- voluntary contribution mechanism ; public goods experiments ; learning ; limited information ; confusion …
Persistent link: https://www.econbiz.de/10009690143
Persistent link: https://www.econbiz.de/10009713865
Persistent link: https://www.econbiz.de/10010338418
Persistent link: https://www.econbiz.de/10012296907
Persistent link: https://www.econbiz.de/10011701134
Persistent link: https://www.econbiz.de/10012131965
Persistent link: https://www.econbiz.de/10011781754
(e.g., a vaccine) to incentivize agents to experiment with the product. Assuming that the agents are long-lived and … forward-looking, their incentive to wait and see other agents' experiences poses a significant obstacle to social learning. We …
Persistent link: https://www.econbiz.de/10015047806
. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …
Persistent link: https://www.econbiz.de/10011343917