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learning process of individuals with different preference types (more and less pro-social) and coarse information regarding the …
Persistent link: https://www.econbiz.de/10011326679
This paper proposes a behavioral model of social learning that unies various forms of inferential reasoning in one … present evidence from three sources that these are the prevalent types of reasoning in social learning: a review of social … learning studies, existing data from Celen and Kariv (2004) as well as new experimental data that includes written accounts of …
Persistent link: https://www.econbiz.de/10011490245
effect. Overall we find that social learning, whether or not the behavior of others is truly informative, plays a large role …
Persistent link: https://www.econbiz.de/10003882877
learning process of individuals with different preference types (more and less pro-social) and coarse information regarding the …
Persistent link: https://www.econbiz.de/10013014085
The current study examines individual decision making in the field of personal finance. A laboratory experiment …Dieses Papier untersucht individuelles Entscheidungsverhalten im Bereich Finanzen. Ein Experiment beleuchtet auf welche …
Persistent link: https://www.econbiz.de/10011566799
participation payments disproportionately attracts individuals for whom learning about the transaction is harder. These participants … decide based on worse information and are more likely to regret their decision ex post. The learning-based selection effect …
Persistent link: https://www.econbiz.de/10012052276
(i.e., higher) offers over repeated interactions with an initial commodity, this learning did not generalize to a new …
Persistent link: https://www.econbiz.de/10014120476
Subjects in economic experiments often behave altruistically. This is interpreted as reflecting a concern for equitable monetary outcomes. We show that a considerable proportion of such fair behavior may not be driven by a desire to implement equitable outcomes. To do so, we first demonstrate a...
Persistent link: https://www.econbiz.de/10014085813
We report an experiment that infers true overconfidence in relative ability through actions, as opposed to reported …
Persistent link: https://www.econbiz.de/10012962309
Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utility consequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...
Persistent link: https://www.econbiz.de/10012981291