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I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity. In a between-subjects design I vary whether subjects learn choices made individually by a "peer" in a first part when facing the same task a second time, and whether prospects...
Persistent link: https://www.econbiz.de/10010364762
show that observational learning and information sharing shape consumer choices in markedly different ways. Optimal …
Persistent link: https://www.econbiz.de/10014054192
We propose and experimentally test two tractable methods to incentivize the elicitation of private information … incentivize the elicitation of private information using facts, when these are not verifiable, we incentivize the respondent to … reveal her perceptions about others and use that statement to predict the subject's private information. The stronger the …
Persistent link: https://www.econbiz.de/10012103387
provide information about other subjects' choices. There we find no false consensus effect. At an aggregate level, subjects … not provide information. …
Persistent link: https://www.econbiz.de/10009581106
assign parents to either an information group, who receives text messages with weekly data on their child’s attendance and …-specific information. While information has large impacts on attendance, test scores and grade promotion relative to the control group …
Persistent link: https://www.econbiz.de/10012240044
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We investigate experimentally the effect of consultation (unincentivized advice) on choices under risk in an incentivized investment task. We compare these choices to two benchmark treatments: one with isolated individual choices, and a second with group choice after communication. Our...
Persistent link: https://www.econbiz.de/10009689911
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