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effect. Overall we find that social learning, whether or not the behavior of others is truly informative, plays a large role …
Persistent link: https://www.econbiz.de/10003882877
subjects' beliefs, in the form of their eye-movements during the experiment. Our estimated choice probabilities and learning …How do people learn? We assess, in a distribution-free manner, subjects' learning and choice rules in dynamic two …-armed bandit (probabilistic reversal learning) experiments. To aid in identification and estimation, we use auxiliary measures of …
Persistent link: https://www.econbiz.de/10008652140
This paper experimentally investigates the nature of impulses in impulse learning. Particularly, we analyze whether …
Persistent link: https://www.econbiz.de/10013085982
domain. Such asymmetric learning may help explain documented empirical patterns regarding the differential role of poor vs …
Persistent link: https://www.econbiz.de/10013065977
, simple payoff-based learning rules eventually lead to equilibrium. Such rules have previously been documented for some forms … laboratory setting and finds strong confirmation for key features of payoff-based learning that distinguish it from classical …
Persistent link: https://www.econbiz.de/10013014874
Observational learning theories often assume that people's actions can be observed. However, in many naturally … learning under optional disclosure conditions. We further examine empirically how individuals decide whether to reveal …
Persistent link: https://www.econbiz.de/10012941804
equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences … different cognitive abilities learn differently, we estimate a structural model of learning based on level-k reasoning. We find …
Persistent link: https://www.econbiz.de/10011259076
news), whether learning performance is better or worse when people are actively investing in a security or passively … observing the security’s payoffs, and whether there are personal characteristics that correlate with learning performance. The …. Within individual, learning from gains versus losses, or during active versus passive involvement, are not perfectly …
Persistent link: https://www.econbiz.de/10011260470
In this paper we present experimental evidence suggesting that observational learning (i.e. learning-by-not-doing but … by observing) may outperform learning-by-doing. …
Persistent link: https://www.econbiz.de/10005264370
Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 … order shown by Selten and Chmura. This result supports our view that learning in networks is different from learning in …
Persistent link: https://www.econbiz.de/10009318135