Showing 1 - 10 of 1,477
Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called "bounded rationality …
Persistent link: https://www.econbiz.de/10012457832
We examine how a social stigma of seeking information can inhibit learning. Consider a Seeker of uncertain ability who … experiment with treatments designed to detect both effects. Seekers have three days to retrieve information from paired Advisors …
Persistent link: https://www.econbiz.de/10012480821
comparable to themselves to be the most persuasive. Incorporating communication dynamics can take the influential social learning … networks are recognized as the most credible source of information about new technologies. We incorporate social learning in … extension policy using a large-scale field experiment in which we communicate to farmers using different members of social …
Persistent link: https://www.econbiz.de/10012458525
investigate this claim using a simple model of Bayesian learning. Two individuals with different priors observe the same infinite … behavior in a range of circumstances. We illustrate how the type of learning outlined in this paper interacts with economic …
Persistent link: https://www.econbiz.de/10012466013
behavior: Players who produce fewer correct answers for their team are more likely to cooperate in the social dilemma game …
Persistent link: https://www.econbiz.de/10012468893
We study a sequential experimentation model with endogenous feedback. Agents choose between a safe and risky action, the latter generating stochastic rewards. When making this choice, each agent is selfishly motivated (myopic). However, agents can disclose their experiences to a public record,...
Persistent link: https://www.econbiz.de/10014544761
We compare how well agents aggregate information in two repeated social learning environments. In the first setting …
Persistent link: https://www.econbiz.de/10013191057
The literature exploring other regarding behavior sheds important light on interesting social phenomena, yet less attention has been given to how the received results speak to foundational assumptions within economics. Our study synthesizes the empirical evidence, showing that recent work...
Persistent link: https://www.econbiz.de/10012456441
grows large. Under truthful communication, we show that asymptotic learning occurs if (and under some additional conditions … equilibrium when the communication network induces asymptotic learning. Moreover, we contrast equilibrium behavior with a socially … communication networks that lead to asymptotic learning. Our result shows that societies with too many and sufficiently large social …
Persistent link: https://www.econbiz.de/10012462246
Many committees--juries, political task forces, etc.--spend time gathering costly information before reaching a decision. We report results from lab experiments focused on such information-collection processes. We consider decisions governed by individuals and groups and compare how voting rules...
Persistent link: https://www.econbiz.de/10012794585