I experimentally investigate observational (social) learning in the simple two-armed bandit framework where the models … the predictions of the Bayesian rationality e.g. Bayesian Nash Equilibrium, Naıve herding model (BRTNI): Subjects follow …, but not in a random way. In addition, the Quantal Response Equilibrium is tested and the robustness of the theory …

We examine the effectiveness of different learning modes in a process management context. We argue that many … organizations will undergo a transformation from a function to a process orientation and that learning matters in this context, as a … fundamental change in thinking is required. Using a questionnaire experiment with a sample of 147 participants, we found a …

We study how subjects in an experiment use different forms of public information about their opponents' past behavior …

all stylized facts observed in aggregate price fluctuations and individual forecasting behaviour in recent learning to … forecast laboratory experiments with human subjects (Hommes et al. 2007), simultaneously and across different treatments …. -- Learning ; heterogeneous expectations ; genetic algorithms ; experimental economics …

This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in …, recurring bubbles arise, where the price is 3 times larger than the fundamental value, which were not seen in former experiments. …