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We present an experiment for the study of learning in a complex task which requires both memorisation and the ability … to process several pieces of information. The outcome of an action, for which immediate feedback is given, depends on the …. These theories are modified after feedback, however mistaken answers are repeated and correct answers abandoned. During the …
Persistent link: https://www.econbiz.de/10014223185
In this paper, we analyze a principal's optimal feedback policy in tournaments. We close a gap in the literature by … her information. Having presented our formal analysis, we test these results using data from laboratory experiments. The …
Persistent link: https://www.econbiz.de/10010365864
Depending on the context at hand, people's preference for receiving feedback might differ. Especially in allocation … decisions that directly concern another individual, feedback from the affected person can have positive or negative value. We … study such preferences in a laboratory experiment by eliciting the willingness-to-pay to receive or to avoid verbal feedback …
Persistent link: https://www.econbiz.de/10012169494
decision. We report results from lab experiments focused on such information-collection processes. We consider decisions …
Persistent link: https://www.econbiz.de/10012697146
-serving ways, or instead attempt to constrain it, committing to unbiased judgment. Experiments with 6500 participants, including …
Persistent link: https://www.econbiz.de/10012271757
I experimentally investigate how vague language changes the nature of communication in a biased strategic information transmission game. Counterintuitively, when both precise and imprecise messages can be sent, in aggregate, senders are more accurate, and receivers trust them more than when only...
Persistent link: https://www.econbiz.de/10013367782
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the strategies of the players. The experimental subjects often...
Persistent link: https://www.econbiz.de/10009535526
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
We conducted laboratory experiments to investigate how private and public information affect the selection and timing … of technology adoption. Our experiments extend the standard herding model to more accurately represent the innovation …
Persistent link: https://www.econbiz.de/10013035338
game theoretic learning paradigm. Eye-tracking is used to observe what information subjects look at in 4x4 normal …-form games; the eye-tracking results favor sophisticated learning over adaptive learning and lend support to anticipatory or … sophisticated models of learning in which subjects look at payoffs of other players to anticipate what those players might do. The …
Persistent link: https://www.econbiz.de/10013156616