employ feedback or a bias, it may instead turn out as a viable and successful procedure. This result is connected to the … literature on learning. …

-armed bandit (probabilistic reversal learning) experiments. To aid in identification and estimation, we use auxiliary measures of …How do people learn? We assess, in a distribution-free manner, subjects' learning and choice rules in dynamic two … subjects' beliefs, in the form of their eye-movements during the experiment. Our estimated choice probabilities and learning …

other, and can delay their decision. Subjects acted rationally, gaining from observational learning, despite penalties for …

feedback before making their incentive scheme choice. The result suggests that policies that reduce uncertainty can reduce the …

-serving ways, or instead attempt to constrain it, committing to unbiased judgment. Experiments with 6500 participants, including …