) dual incomplete learning, i.e., only a fraction of each type chooses its optimal action. Which one occurs depends on the …

the context of daily life does not differ between the two groups. We therefore conclude that learning through experience …

conclude that learning effects are more important than selection effects for explaining differences between inexperienced and …

number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …

by two countervailing forces that we dub 'Precautionary Learning' and 'Research Pessimism'. We find that - contrary to …