dynamics considerably differ between gain and loss domains. For gains, learning to be comparably ambiguity averse increases the …

equilibrium of the game does not organize the individual data, two individual learning models are studied: one following a … predictive value of such learning models is found to be poor. …

We report an experiment on a decision task by SAMUELSON and BAZERMAN (1985). Subjects submit a bid for an item with an … unknown value. A winner s curse phenomenon arises when subjects bid too high and make losses. Learning direction theory can … quantitative predictions on the basis of learning direction theory. We also look at monotonic ladder processes. It is shown that …

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 …

design an experiment where a person who understands selection observes all the data required to account for it. Subjects make …

We investigate how the selection process of a leader affects team performance with respect to social learning. We use a … lab experiment in which an incentivized guessing task is repeated in a star network with the leader at the center. Leader … models of social learning to investigate the micro-level mechanisms. We find that overconfidence and conservatism contribute …

This paper experimentally investigates social learning in a two-agent prediction game with both exogenous and …. We find that more efficient observational learning leads to more accurate predictions in the endogenous treatments and … strength. Simultaneous decisions in endogenous ordering avoid observational learning and compensate the higher degree of …

study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills … losses from high bids are more salient than in SPAs. Experience in FPAs causes substantial cross-game learning for … bid shading by cognitively more able participants, resulting in lower profits in FPAs. Thus, cross-game learning has the …

learning might take place. The current paper extends this previous work. Using an experiment in which subjects play four games … without feedback, the experiment allows a stronger test of "no-feedback learning" as well as a better understanding of the … learning transfers to new games. Current theories of learning model learning as adjustment in behavior in response to feedback …