Showing 1 - 10 of 5,696
We study compliance dynamics generated by a large set of behavioral rules describing social interaction in a population … cheating-auditing occurs: Intensive monitoring induces compliance, but with high compliance there is incentive for lax … monitoring; with less monitoring, compliance starts decreasing, and then there is an incentive to intensify monitoring. Thus, the …
Persistent link: https://www.econbiz.de/10010347038
preventative approaches towards undeclared work. The aim of this learning resource is to document for each preventative approach …
Persistent link: https://www.econbiz.de/10013248371
We show how experience and dynamic learning processes reduce the obstacles to optimization imposed by information …
Persistent link: https://www.econbiz.de/10011865317
We analyze the behavior of game-show contestants who play a one-shot game called Friend or Foe. While it is a weakly dominant strategy not to cooperate, almost half the contestants on the show choose to play "friend." Remarkably, the behavior of contestants remains unchanged even when stakes are...
Persistent link: https://www.econbiz.de/10014084566
We study evolutionary learning processes through social networks. We show that network heterogeneity, in particular … scale-freeness, enhances social learning by studying a model in which an agent set on a network imitates the strategy only … who plays with whom) or the heterogeneity of the learning network (which determines who learns from whom) that enhances …
Persistent link: https://www.econbiz.de/10014041538
We develop a dynamic model of opinion formation in social networks when the information required for learning a payoff … though the neighbors’ views may be quite inaccurate). This non-Bayesian learning rule is motivated by the formidable …
Persistent link: https://www.econbiz.de/10014042768
This paper examines social learning when only one of the two types of decisions is observable. Because agents arrive …, as in the standard model, learning is complete if and only if signals are unbounded. If signals are bounded, cascades may …
Persistent link: https://www.econbiz.de/10014201514
We exhibit a natural environment, social learning among heterogeneous agents, where even slight misperceptions can have … a large negative impact on long-run learning outcomes. We consider a population of agents who obtain information about … information aggregation can be improved by simplifying agents’ learning environment. The key feature behind our findings is that …
Persistent link: https://www.econbiz.de/10014101225
The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly … interact in social-learning settings with distinct information structures. In each round of interaction, they use their … behavior in the long-run if and only if individuals distinguish social-learning settings and receive rich feedback after each …
Persistent link: https://www.econbiz.de/10012996206
Crowd-sourced recommender platforms organize social learning about products by recommending items based on information … study how market structure affects experimentation, social learning, and welfare. I present a model of competing platforms …
Persistent link: https://www.econbiz.de/10012963639