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We report two information cascade game experiments that directly test the impact of altruism on observational learning … opportunities to learn about the strategies played by observed which amplifies the impact of altruism on observational learning …
Persistent link: https://www.econbiz.de/10012995188
The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly … interact in social-learning settings with distinct information structures. In each round of interaction, they use their … behavior in the long-run if and only if individuals distinguish social-learning settings and receive rich feedback after each …
Persistent link: https://www.econbiz.de/10012996206
This paper examines social learning when only one of the two types of decisions is observable. Because agents arrive …, as in the standard model, learning is complete if and only if signals are unbounded. If signals are bounded, cascades may …
Persistent link: https://www.econbiz.de/10014201514
, improvements in decision quality cease. A literature on word-of-mouth learning shows how observation of outcomes as well as actions … the cascades/herding literature. In a setting which adds 'conversational' learning about both the payoff outcomes of …
Persistent link: https://www.econbiz.de/10014132384
money. Agents' learning evolves from private experiences and we explore how the formation of prices interacts with learning …. We show that multiple equilibria arise, and equilibria with price dispersion entail more learning than equilibria with …
Persistent link: https://www.econbiz.de/10014071622
Despite widespread use in online transactions, rating systems only provide summary statistics of buyers' diverse opinions at best. To investigate the consequences of this coarse form of information aggregation, we consider a dynamic lemons market in which buyers share their evaluations...
Persistent link: https://www.econbiz.de/10014345170
exposure or experience can cause learning and hence better detection of deception. We investigate using data culled from events … individual from within a group all claiming to be that individual. Our sample showed evidence of learning, suggesting that …
Persistent link: https://www.econbiz.de/10014517089
motivation may undermine intrinsic motivation. The self-perception (SP) theory developed by Bem (1972) explains this finding. The … crux of this theory is that people remember their past decisions and the extrinsic rewards they received, but they do not … recall their intrinsic motives. In this paper I show that the SP theory can be modeled as a variant of a conventional dynamic …
Persistent link: https://www.econbiz.de/10011349711
Persistent link: https://www.econbiz.de/10012269368
different learning models. The design is implemented in two-stage asymmetric-information games. Subjects' information …-seeking behavior reveals that they tend to choose certain information sets that are consistent with belief-based learning theories … rather than reinforcement theories. A hybrid-learning model with information acquisition that is a variant of the Generalized …
Persistent link: https://www.econbiz.de/10012938179