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We study learning by privately informed forward-looking agents in a simple repeated-action setting of social learning. Under a symmetric signal structure, forward-looking agents behave myopically for any degrees of patience. Myopic equilibrium is unique in the class of symmetric threshold...
Persistent link: https://www.econbiz.de/10014263855
The paper discusses a laboratory experiment in which pairs of trustors play finitely repeated Trust Games with the same … experiment includes two conditions that represent different types of “embeddedness” of Trust Games. In one condition, each …
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We demonstrate in a laboratory experiment in which subjects play a two-player Cournot-Tullock game over hundreds of …
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We present an experiment for the study of learning in a complex task which requires both memorisation and the ability … the end of the experiment) the subjects start refining them to include a larger subset of the information, this causes …
Persistent link: https://www.econbiz.de/10014223185
our hypotheses with a lab experiment on a sequential pricing game. We find a striking difference in pricing behaviour …
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