study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills … losses from high bids are more salient than in SPAs. Experience in FPAs causes substantial cross-game learning for … bid shading by cognitively more able participants, resulting in lower profits in FPAs. Thus, cross-game learning has the …

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 …

Real-effort experiments are frequently used when examining a response to incentives. For any particular real … learning, and even idiosyncratic variation. Our paper cautions that the slider task will be underpowered for uncovering a …

We designed four observational learning experiments to identify the key channels that, along with Bayes … actions, but they overweight their low quality signals relative to public information. Experiments 2-4 reveal that non … observational learning accounts for the phenomenon of excessive herding, it captures well herd behavior with medium quality signals …

We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical … improvements from learning are faster where market signals are noisier. …

the nature of the task at the second date further shows that learning is unencumbered by a change in environment. Our …