This paper proposes a behavioral model of social learning that unies various forms of inferential reasoning in one … present evidence from three sources that these are the prevalent types of reasoning in social learning: a review of social … learning studies, existing data from Celen and Kariv (2004) as well as new experimental data that includes written accounts of …

We report two information cascade game experiments that directly test the impact of altruism on observational learning … substantial public information which increases the earnings of participants. In Experiment 2, participants have better … opportunities to learn about the strategies played by observed which amplifies the impact of altruism on observational learning. …

decision heuristics. Central to our survey is the question under which conditions a complex macro-system of interacting agents …

There are many important decision problems where learning through experimentation is costly or impossible. In these …. In this paper, we design an investment game which allows us to study the influence of selection when learning from others … degree of bias due to selection neglect increases when other decision makers become more informed, or become more rational …

The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly … interact in social-learning settings with distinct information structures. In each round of interaction, they use their … behavior in the long-run if and only if individuals distinguish social-learning settings and receive rich feedback after each …

ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable … of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment … understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning …

become extremely and wrongly confident about the state of the world -- Social learning ; Non-Bayesian updating ; Herding …We revisit the economic models of social learning by assuming that individuals update their beliefs in a non … heterogeneous updating rules in a simple social learning environment reconciles equilibrium predictions with laboratory evidence …

We study social learning in a social network setting where agents receive independent noisy signals about the truth …

individual's intrinsic ability and on an external variable. We analyze the mistakes made by decision-makers who hold inaccurate … external factors if they fail. They are too easily dissatisfied with their environment, which leads them to experiment in … variable environments and revise their self-confidence over time. In contrast, underconfident decision-makers might be trapped …