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revealing the subject's privately held information. In an experiment, we apply the mechanisms to reveal beliefs about … probabilities. On the aggregate level, both mechanisms accurately reveal mean first-order beliefs of the population. On the subject … level, the modal difference between probabilities elicited in either mechanism and actual first-order beliefs is zero. The …
Persistent link: https://www.econbiz.de/10012103387
model that microfounds them. Seven pre-registered experiments with eleven canonical laboratory games and around 19 …
Persistent link: https://www.econbiz.de/10011663543
-group and out-group agents with the respective beliefs held by dictators and recipients in these groups. We observe both in …
Persistent link: https://www.econbiz.de/10010529474
Consider a situation where person A undertakes a costly action that benefits person B. This behavior seems altruistic. However, if A expects a reward in return from B, then A's action may be motivated by the expected rewards rather than by pure altruism. The question we address in this...
Persistent link: https://www.econbiz.de/10003951709
While inequality in resource endowments has been shown to affect cooperation levels in groups, much of this evidence comes from studies of within-group inequality. In an online public goods experiment, we instead examine the effects of payoff-irrelevant inequality in resources between groups on...
Persistent link: https://www.econbiz.de/10014500522
components of culture: preferences and beliefs. Adopting the view that culture is one aspect of an individual's multi …; and ii) the capacity for culture to affect beliefs by randomly providing previous-session cooperation-rate information … beliefs. In particular, we find that culture’s effects through beliefs are as important as its effects through preferences. …
Persistent link: https://www.econbiz.de/10012508741
only subjects who picked the minority option obtain a positive reward. Previous experiments on the minority and similar … reinforcement learning models than with belief-based models. Showing level-2 rationality (i.e., reasoning about others' beliefs) is … approach pays off. In addition, teams that are more successful tend to become more egocentric over time, paying more attention …
Persistent link: https://www.econbiz.de/10011734522
There are many important decision problems where learning through experimentation is costly or impossible. In these situations, individuals may try to learn from observing the outcomes of others who have made similar decisions. Often, however, information about others comprises a selected...
Persistent link: https://www.econbiz.de/10011982107
A large literature studies subjective beliefs about economic facts using unincentivized survey questions. We devise … randomized experiments in a representative online survey to investigate whether incentivizing belief accuracy affects stated … beliefs about average earnings by professional degree and average public school spending. Incentive provision does not impact …
Persistent link: https://www.econbiz.de/10011987028
, who adjust their ability beliefs downwards in response to feedback. …
Persistent link: https://www.econbiz.de/10012033544