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This paper examines social learning when only one of the two types of decisions is observable. Because agents arrive randomly over time, and only those who invest are observed, later agents face a more complicated inference problem than in the standard model, as the absence of investment might...
Persistent link: https://www.econbiz.de/10014201514
I propose a novel experimental approach to the study of learning in repeated games, complementing the analysis of players' actual choices with data on the information acquisition process they follow. The game played is a repeated Cournot oligopoly, with limited information. The econometrics...
Persistent link: https://www.econbiz.de/10014218033
This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual …
Persistent link: https://www.econbiz.de/10014162117
important features of the data they possess. We conduct a field experiment with seaweed farmers to test a model of “learning …
Persistent link: https://www.econbiz.de/10014165816
Research on learning-by-doing has typically been restricted to cases where estimation and control can be treated separately. Recent work has provided convergence results for more general learning problems where experimentation is an important aspect of optimal control. However, the associated...
Persistent link: https://www.econbiz.de/10014117202
One central claim for the value of democratic elections has been their potential for civic education. This paper is designed to understand how and under what conditions people learn about public affairs from different channels of communication provided by the news media and parties. In...
Persistent link: https://www.econbiz.de/10014121259
Persistent link: https://www.econbiz.de/10014123288
We report on an experiment testing the empirical relevance of least squares (LS) learning, a common way of modelling …
Persistent link: https://www.econbiz.de/10014078469
the learning process that underlies the theory of specific deterrence and, more specifically, whether potential repeat … experiment, participants could cheat for an increased monetary payoff at the risk of paying a fine, in the face of an uncertain …
Persistent link: https://www.econbiz.de/10014079754
We introduce experimental research design to the study of policy diffusion in order to better understand the role of political ideology in policymakers’ willingness to learn from one another’s experiences. Our two experiments, embedded in national surveys of U.S. municipal officials, expose...
Persistent link: https://www.econbiz.de/10014143289