Showing 1 - 10 of 73,296
novices learning from experienced, a particular form of probabilistic imitation is selected. Novices should imitate any …
Persistent link: https://www.econbiz.de/10013368210
Three results emerge from a simple experiment on imitation. First, I find behavior which strongly suggests an intention … memory. The experiment analyzes imitation in an individual learning context. It supplements the results obtained for … imitation in evolutionary processes. -- imitation ; learning ; memory ; experiments …
Persistent link: https://www.econbiz.de/10003402827
We compare how well agents aggregate information in two repeated social learning environments. In the first setting agents have access to a public data set. In the second they have access to the same data, and also to the past actions of others. Despite the fact that actions contain no...
Persistent link: https://www.econbiz.de/10013291487
Three results emerge from a simple experiment on imitation. First, I find behavior which strongly suggests an intention … memory. The experiment analyzes imitation in an individual learning context. It supplements the results obtained for … imitation examples, players use several periods of memory. This lends support to learning models with a non-trivial role of …
Persistent link: https://www.econbiz.de/10014053527
players with stronger signals may experiment after those with weaker signals. We show that in this more general environment …
Persistent link: https://www.econbiz.de/10012707491
We designed four observational learning experiments to identify the key channels that, along with Bayes …-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in … actions, but they overweight their low quality signals relative to public information. Experiments 2-4 reveal that non …
Persistent link: https://www.econbiz.de/10011789104
We study a boundedly rational model of imitation when payoff distributions of actions differ across types of …
Persistent link: https://www.econbiz.de/10011616579
present results of experiments in which two, three and four identical firms repeatedly interact in this environment. Less … not predicted by conventional equilibrium theories. This phenomenon can be captured by a simple imitation model and by a … data from three new treatments to properly test the imitation model against the focal point notion. -- Laboratory …
Persistent link: https://www.econbiz.de/10001835606
In this article, a modelling framework for the information transmission between agents in an evolutionary game setting is proposed. Agents observe traits which reflect past and present behaviour and success of other agents. If agents imitate more successful agents based on these traits, the...
Persistent link: https://www.econbiz.de/10013319806
be imitative in round two but can be imitative starting round three. A simple linear imitation rule even causes all to … learn the best action in the long run. The informational setting is varied to further investigate the role of imitation …
Persistent link: https://www.econbiz.de/10014077572