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 …

The literature on learning in unknown environments emphasises reinforcing on actions which produce positive results … and theoretically in a very simple framework, how individuals initially learn by exploiting information from the pay …

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 …

reinforcement learning algorithm. In particular, this AI agent is born in an economic environment with no information on the … processing information, and this leads to different learning behaviours and welfare distinctions. The chosen economic structure …This exercise offers an innovative learning mechanism to model economic agent's decision-making process using a deep …

-level uncertainty and imperfect information over their life cycle. We find that firms make non-negligible and positively correlated … demand. The former learning effect, combined with the latter real-options effect, adversely affect firms' entry decisions and …

most productive firms in the market. With multiple countries, information spillovers drive sourcing location choices …

We report two information cascade game experiments that directly test the impact of altruism on observational learning … informational benefits to subsequent participants. We find that observed contradict their private information significantly less … substantial public information which increases the earnings of participants. In Experiment 2, participants have better …

numerous documented violations of classical economic theory. We also propose promising new directions for future research …