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second half of the paper tests the theoretical predictions in an experiment. In contrast to previous literature, the …
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; experiment ; learning … common prior is induced, while for other distributions behavior is similar under both regimes. We also present a learning … show that this learning model accurately accounts for all main features of the data. -- common prior ; signaling …
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common prior is induced, while for other distributions behavior is similar under both regimes. We also present a learning … show that this learning model accurately accounts for all main features of the data …
Persistent link: https://www.econbiz.de/10014207945
We investigate experimentally whether social learners appreciate the redundancy of information conveyed by the behavior of those they observe. Each experimental participant observes a private signal and enters an estimate of the sum of all earlier-moving participants' signals plus her own. In a...
Persistent link: https://www.econbiz.de/10013010109
Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance techniques. However, the use of shaming is controversial: critics argue that delegating punishment to a crowd can lead to mob justice and a loss of control over the size of the...
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