Showing 51 - 60 of 2,195
In this paper we are studying a multiple player two-armed bandit model with two risky arms in discrete time. Players have to find the superior arm and can learn from others' history of choices and successes. In equilibrium, there is no con?ict between individual and social rationality. If agents...
Persistent link: https://www.econbiz.de/10004964125
line with a reinforcement learning model, we find that subjects who won a random lottery took significantly more risk in a …
Persistent link: https://www.econbiz.de/10012614686
line with a reinforcement learning model, we find that subjects who won a random lottery took significantly more risk in a …
Persistent link: https://www.econbiz.de/10012657976
line with a reinforcement learning model, we find that subjects who won a random lottery took significantly more risk in a …
Persistent link: https://www.econbiz.de/10012658258
line with a reinforcement learning model, we find that subjects who won a random lottery took significantly more risk in a …
Persistent link: https://www.econbiz.de/10012659967
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 …
Persistent link: https://www.econbiz.de/10012799696
Economists and management scholars have argued that the scope of incentives to increase cooperation in organizations is limited as their use signals the prevalence of free-riding among employees. This paper tests this hypothesis experimentally, using a sample of managers and employees from a...
Persistent link: https://www.econbiz.de/10014290212
The paper studies whether a drought in 1788 affected the outbreak of peasant revolts during the French Revolution. I construct a community-level data set with information on local drought severity and peasant uprisings in 1789. Results indicate that those more affected by the drought more often...
Persistent link: https://www.econbiz.de/10014290213
Can algorithms help people detect deception in high-stakes strategic interactions? Participants watching the pre-play communication of contestants in the TV show Golden Balls display a limited ability to predict contestants' behavior, while algorithms do significantly better. We provide...
Persistent link: https://www.econbiz.de/10014377492
ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account …-game learning for cognitively less able participants but does not affect overbidding for the cognitively more able. Vice versa …, 'cross-game learning' may rather be understood as 'cross-game transfer', as it has the potential to benefit bidders with …
Persistent link: https://www.econbiz.de/10014467730