How do people learn? We assess, in a model-free manner, subjectsʼ belief dynamics in a two-armed bandit learning experiment. A novel feature of our approach is to supplement the choice and reward data with subjectsʼ eye movements during the experiment to pin down estimates of subjectsʼ...

How do people learn? We assess, in a distribution-free manner, subjects?learning and choice rules in dynamic two-armed bandit (probabilistic reversal learning) experiments. To aid in identification and estimation, we use auxiliary measures of subjects?beliefs, in the form of their eye-movements...

We estimate nonparametric learning rules using data from dynamic two-armed bandit (probabilistic reversal learning) experiments, supplemented with auxiliary eye-movement measures of subjects' beliefs. We apply recent econometric developments in the estimation of dynamic models. The direct...

We propose a novel methodology for nonparametric identification of first-price auction models with independent private values, which accommodates auction-specific unobserved heterogeneity and bidder asymmetries, based on recent results from the econometric literature on nonclassical measurement...

We propose a novel methodology for identification of first-price auctions, when bidders’ private valuations are independent conditional on one-dimensional unobserved heterogeneity. We extend the existing literature (Li and Vuong, 1998; Krasnokutskaya, 2011) by allowing the unobserved heterogeneity...

We consider the identification of a Markov process {Wt,Xt∗} when only {Wt} is observed. In structural dynamic models, Wt includes the choice variables and observed state variables of an optimizing agent, while Xt∗ denotes time-varying serially correlated unobserved state variables (or...

We propose a novel methodology for nonparametric identification of first-price auction models with independent private values, which accommodates auction-specific unobserved heterogeneity and bidder asymmetries, based on recent results from the econometric literature on nonclassical measurement...

We consider the identification of a Markov process {Wt,Xt*} for t = 1, 2, ... , T when only {Wt} for t = 1, 2, ... , T is observed. In structural dynamic models, Wt denotes the sequence of choice variables and observed state variables of an optimizing agent, while Xt* denotes the sequence of...

In this paper, we consider nonparametric identification and estimation of first-price auction models when N*, the number of potential bidders, is unknown to the researcher, but observed by bidders. Exploiting results from the recent econometric literature on models with misclassification error,...

<p>We consider the identification of a Markov process {W_t, X_t*} for t=1,2,...,T when only {W_t} for t=1, 2,..,T is observed. In structural dynamic models, W_t denotes the sequence of choice variables and observed state variables of an optimizing agent, while X_t* denotes the sequence of serially...</p>