Showing 1 - 10 of 673
Social learning often occurs between groups with different levels of experience. Yet little is known about the ideal … novices learning from experienced, a particular form of probabilistic imitation is selected. Novices should imitate any …
Persistent link: https://www.econbiz.de/10013368210
We propose a framework in order to econometrically estimate case-based learning and apply it to empirical data from … twelve 2 × 2 mixed strategy equilibria experiments. Case-based learning allows agents to explicitly incorporate information …-based learning to other learning models (reinforcement learning and self-tuned experience weighted attraction learning) while using …
Persistent link: https://www.econbiz.de/10012432206
Recent developments in information and communication technologies allow candidates for office to engage in sophisticated messaging strategies to influence voter choice. We consider how access to different technologies influence the choice of policy platforms by candidates. We find that when...
Persistent link: https://www.econbiz.de/10012062360
multiplex network who deal with coordination issues using social learning and payoff-driven dynamics. Agents form their … heterogeneous preference through learning on one layer and they play a pure coordination game on the other layer. People learn from …. We find that the presence of the social learning mechanism explains the rising and the endurance of a segregated society …
Persistent link: https://www.econbiz.de/10012062102
Using a laboratory experiment, we behaviourally study the impact of a sudden increase in the common-pool size on within …
Persistent link: https://www.econbiz.de/10011453120
We investigate observed rent dissipation-the ratio of the total costs of rent seeking to the monetary value of the rent-in winner-take-all and share contests, where preferences are more general than usually assumed in the literature. With concave valuation of the rent, we find that contests can...
Persistent link: https://www.econbiz.de/10014418203
This study investigates the relationship between an actor’s beliefs about others’ other-regarding (social) preferences …. Simultaneously, we estimate the distribution of actors’ beliefs about others α and β, conditional on actors’ own α and β, with … counterparts. Results show a positive association between an actor’s own (α; β ) and her beliefs about average(α; β) in the …
Persistent link: https://www.econbiz.de/10009753708
affiliation-motivated individuals engaged in game-play. The first model captures learning by motivated agents during strategic …
Persistent link: https://www.econbiz.de/10011384060
Herein, we prove a Condorcet jury theorem (CJT) for large elections with multiple alternatives. Voters have common interests that depend on an unknown state of nature. Each voter receives an imprecise private signal about the state of nature and then submits one vote (simple plurality rule). We...
Persistent link: https://www.econbiz.de/10012168613
We design an experiment to test how voters vote in a small committee election with three alternatives. Voters have … election and then casts a vote. The alternative with the most votes wins. We fix the number of voters in our experiment to be … the decision is also relatively high and comes close to predicted levels. In one variation of the experiment, we calculate …
Persistent link: https://www.econbiz.de/10012061937