We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naive advice outperform uninformed subjects permanently, whereas...

We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice outperform uninformed subjects permanently, whereas...

Summary We trace individual-level learning and knowledge transfer in public research by matching about 5,000 doctoral dissertations and their advisors over the full history of German laser research. We study the number of laser-related dissertations per advisor, publication and patent outputs of...

Abstract We study a model of observational learning in a set of agents who are connected through a social network. The agents face identical decision problems under uncertainty and update their choices myopically, imitating the choice of their most successful neighbor. We show that in finite...

I present a model of observational learning with payoff interdependence. Agents, ordered in a sequence, receive private signals about an uncertain state of the world and sample previous actions. Unlike in standard models of observational learning, an agent's payoff depends both on the state and...

This study aims to examine and compare the mechanisms through which social learning processes influence the knowledge contribution behavior of lurkers and contributors in open innovation communities (OICs). Based on social learning theory and stimulus-organism-response (SOR) framework, this...