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We propose (and test experimentally) a model of observational learning in which players have social preferences. To this end, we design an experiment–based on a classic parlor game known as the Chinos Game–in which we vary (by way of an exogenous iid stochastic process) the probability of...
Persistent link: https://www.econbiz.de/10003943317
Persistent link: https://www.econbiz.de/10003943314