Showing 1 - 10 of 48
We experimentally disentangle two potential sources for endogenous social interactions effects. By comparing groups where the group norm is publicly observable with those where it is not we can measure the size of any endogenous observation effect. By comparing connected with disconnected groups...
Persistent link: https://www.econbiz.de/10014150448
Persistent link: https://www.econbiz.de/10001847573
Persistent link: https://www.econbiz.de/10002215496
Persistent link: https://www.econbiz.de/10009408659
Persistent link: https://www.econbiz.de/10010470393
We consider a model of conformity that permits a non-conformist equilibrium and multiple conformist equilibria. Agents are assumed to behave according to a best reply learning dynamic. We details the conditions under which a social norm and conformity emerge. The emergence of conformity depends...
Persistent link: https://www.econbiz.de/10003491164
We consider a simple model that combines elements of search and social learning. Acting in sequence, and observing the action adopted by a previous agent, agents must search for an action. We explore why agent heterogeneity may increase expected payoffs and demonstrate that social learning may...
Persistent link: https://www.econbiz.de/10003491166
Persistent link: https://www.econbiz.de/10003534415
A simple expression is derived for the optimal strategy in the minimum effort game. This maps from player beliefs to an optimal effort level. From this expression the set of Nash equilibria in the game is fully characterized. All Nash equilibria are symmetric and involve at most two actions...
Persistent link: https://www.econbiz.de/10011891195
Persistent link: https://www.econbiz.de/10012014758