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

We study learning in a decentralized pairwise adverse selection economy, where buyers have access to the quality of …

-payoff-maximizing offer. Second, considering a range of learning theories (from optimal to boundedly rational), we explain that this is an … inherent feature of the learning task faced by the proposers, and we provide some insights into the actual learning behavior of …

We investigate how the selection process of a leader affects team performance with respect to social learning. We use a … models of social learning to investigate the micro-level mechanisms. We find that overconfidence and conservatism contribute …