is based on three tie-breaking assumptions, which according to Banerjee minimise herding probabilities. In this paper we … herding does not change dramatically, the results obtained, which differ from Banerjee's are the following: players …

The goal of the research is to analyse empirically if the financial decision-making is influenced by herd behaviour …

exposure or experience can cause learning and hence better detection of deception. We investigate using data culled from events … in a TV game show. Decision-makers in the show repeatedly faced situations where they had to correctly identify an … individual from within a group all claiming to be that individual. Our sample showed evidence of learning, suggesting that …

The adaptive learning approach has been fruitfully employed to model the formation of aggregate expectations at the … macroeconomic level, as an alternative to rational expectations. This paper uses adaptive learning to understand, instead, the … sentiment, defined as the degrees of excess optimism and pessimism that cannot be justified by the near-rational learning model …

elicit probabilistically both first- and second-order beliefs and apply the method to a Hide-and-Seek experiment. We study …. Verbal comments collected at the end of the experiment shed light on how subjects think and decide in a complex environment …

We study first- and second-order subjective expectations (beliefs) in strategic decision-making. We elicit … probabilistically both first- and second-order beliefs and apply the method to a Hide-and-Seek experiment. We study the relationship … comments collected at the end of the experiment shed light on how subjects think and decide in a complex environment that is …

whether the market learns the rational fundamental price. We present an experiment where the fundamental price experiences … the short run and over-reaction in the long run. A simple evolutionary selection model of individual learning explains …