in the experiment, making strategic complementarities and overreaction an issue of second order …

resulting ''directional learning'' is sufficient to explain cooperative deviations away from the Nash equilibrium. We introduce … cases, and we show that, together with the parameters of the learning model, the maximal k-strength of equilibrium … the basis of uncoordinated directional (mis)learning …

We study reputational herding in financial markets in a laboratory experiment. In the spirit of Dasgupta and Prat (2008 …

This paper describes the results of a web-based multi-period insurance purchasing experiment focusing on how … decided to purchase insurance after learning that they had suffered a loss and revealing that they were unhappy about having …

students in economics. We manipulated the composition of groups to achieve a wide range of support, and assigned students … students of low and medium ability gain on average 0.2 SD units of achievement from switching from ability mixing to three …-way tracking. Their dropout rate is reduced by 15 percentage points (relative to a mean of 0.6). High-ability students are …

-assessments can be detrimental to workers' performance. In the controlled environment of a laboratory gift-exchange experiment, our …

in economics. In an experiment we investigate whether such behavior can be influenced by the very nature of an …