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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. …
Persistent link: https://www.econbiz.de/10008788790
rationality behaviour by people. Quite recent developments in the Economics of Knowledge, i.e. the so-called learning models, have …
Persistent link: https://www.econbiz.de/10011500007
rationality behaviour by people. Quite recent developments in the Economics of Knowledge, i.e. the so-called learning models, have …
Persistent link: https://www.econbiz.de/10005398696
We present an experiment for the study of learning in a complex task which requires both memorisation and the ability … to process several pieces of information. The outcome of an action, for which immediate feedback is given, depends on the …. These theories are modified after feedback, however mistaken answers are repeated and correct answers abandoned. During the …
Persistent link: https://www.econbiz.de/10014223185
rationality behaviour by people. Quite recent developments in the Economics of Knowledge, i.e. the so-called learning models, have …
Persistent link: https://www.econbiz.de/10011502970
This paper aims at analysing the effects of learning on the individual behaviour in an experiment that requires … apply them also in other situations) and propose new hypothesis. Learning is not only based on a mechanical repetition of …
Persistent link: https://www.econbiz.de/10005407620
Agents undertaking economic decisions are exposed to an ever-increasing amount of information sources. This paper investigates how the number of available information sources impacts agents' ability to (i) select reliable sources and (ii) use their content effectively to update their beliefs. To...
Persistent link: https://www.econbiz.de/10014475802
Agents undertaking economic decisions are exposed to an ever-increasing amount of information sources. This paper investigates how the number of available information sources impacts agents' ability to (i) select reliable sources and (ii) use their content effectively to update their beliefs. To...
Persistent link: https://www.econbiz.de/10014416234
This paper experimentally investigates the nature of impulses in impulse learning. Particularly, we analyze whether … positive feedback (i.e., yielding a superior payoff in a game) or negative feedback (i.e., yielding an inferior payoff in a … negative feedback. …
Persistent link: https://www.econbiz.de/10010709094
Bidding challenges learning theories since experiences with the same bid vary stochastically:the same choice can result … learning theories. Our experimental results suggest that a version of reinforcementlearning which accounts for loss aversion …
Persistent link: https://www.econbiz.de/10005866949