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We study beliefs and choices in a repeated normal-form game. In addition to a baseline treatment with common knowledge … beliefs as well as for the accuracy of their beliefs (relative to the opponent’s true choice). In the baseline treatment we … observe more sophisticated play as well as more accurate beliefs and more best responses to beliefs over time. We isolate …
Persistent link: https://www.econbiz.de/10005822932
beliefs over current monetary policy based on historical realizations of money growth rates. Depending on the parameters … governing the behaviour of monetary policy, beliefs (and therefore inflation forecasts) may evolve very slowly in the wake of … adjusting beliefs is evaluated in the context of a computable general equilibrium model. <P> L'histoire monétaire récente a été …
Persistent link: https://www.econbiz.de/10005827170
If asking subjects their beliefs during repeated game play changes the way those subjects play, using those stated … beliefs to evaluate and compare theories of strategic behavior is problematic. We experimentally verify that belief … the goodness of fit of structural models of belief learning, and the prior beliefs implied by such structural models are …
Persistent link: https://www.econbiz.de/10005835418
. Bayesian learning implies that beliefs about the likelihood of rare disasters drop to a much more pessimistic level once a … disaster has occurred. Such a shift in beliefs can trigger massive declines in price-dividend ratios. Pessimistic beliefs … between rational and adaptive Bayesian learning. Rational learners account for the possibility of future changes in beliefs in …
Persistent link: https://www.econbiz.de/10009201120
subjects receive about the likelihood of income shocks, whether subjects are informed about other people's beliefs about these … behavior is robust to the framing and other people's beliefs about income shocks. Given that actual decisions are significantly …
Persistent link: https://www.econbiz.de/10010598403
We investigate the link between leadership, beliefs and pro-social behavior. This link is interesting because field … influenced by leaders (CEOs, politicians) and beliefs about others’ behavior. Our framework is an experimental public goods … game with a leader. We find that leaders strongly shape their followers’ initial beliefs and contributions. In later …
Persistent link: https://www.econbiz.de/10011154542
, imagination and independence in children) to five different measures of religiosity, including beliefs and attendance. We control …
Persistent link: https://www.econbiz.de/10011213308
Behaviourism is the view that preferences, beliefs, and other mental states in social-scienti�c theories are auxiliary …
Persistent link: https://www.econbiz.de/10011258839