We conducted a field experiment on the Internet and investigated the participants' belief updating in an individual learning environment where they observe a sequence of private signals and in a social learning environment where they observe a sequence of other people's actions. We observed that...

To examine the degree to which price fluctuations affect how individuals approach an intertemporal decision-making problem, we conduct a laboratory experiment in which subjects spend their savings on consumption over 20 periods. In the control treatment, the commodity price is constant across...

We experimentally study how (un)selfish lies are reciprocated—or not—in subsequent economic interactions in a labor market. The experiment was conducted in two sequential stages, where the first stage was a deception game, and the second stage was a gift-exchange game. We find that while...

We study experimentally how (un)selfish lies are reciprocated – or not – in subsequent economic interactions in the labor market. We find that while selfish lies are punished (negative reciprocity), prosocial and altruistic lies are neither punished nor rewarded (lack of positive...

We experimentally study how (un)selfish lies are reciprocated—or not—in subsequent economic interactions in a labor market. The experiment was conducted in two sequential stages, where the first stage was a deception game, and the second stage was a gift-exchange game. We find that while...