current state. Both product value and learning are public goods, which gives the players incentives to free-ride on each …

experimentation in any equilibrium where the players use stationary Markovian strategies with posterior beliefs as the state variable … novel feature that it rises as players become more pessimistic. Finally, over the range of beliefs where players use both …

The paper analyzes a dynamic model of rational strategic learning in a network. It complements existing literature by … links. This means that in the design of networks there exists a trade-off between the speed of learning and accuracy. …

We report two information cascade game experiments that directly test the impact of altruism on observational learning … substantial public information which increases the earnings of participants. In Experiment 2, participants have better … opportunities to learn about the strategies played by observed which amplifies the impact of altruism on observational learning …

strategy relative to more traditional learning dynamics, and establish that, paradoxically, when sellers are strategic, the …

-reaction occurs, thus rational agents may strategically want to bias their learning process. Our analysis points out that the …

I present a model of observational learning with payoff interdependence. Agents, ordered in a sequence, receive private … signals about an uncertain state of the world and sample previous actions. Unlike in standard models of observational learning … unbounded strength there is learning in a strong sense: agents' actions are ex-post optimal given both the state of the world …

study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills … losses from high bids are more salient than in SPAs. Experience in FPAs causes substantial cross-game learning for … bid shading by cognitively more able participants, resulting in lower profits in FPAs. Thus, cross-game learning has the …

Social learning often occurs between groups with different levels of experience. Yet little is known about the ideal … novices learning from experienced, a particular form of probabilistic imitation is selected. Novices should imitate any …