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 …

dynamics considerably differ between gain and loss domains. For gains, learning to be comparably ambiguity averse increases the …

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 …

Crockett, Spear and Sunder [2006] propose a simple learning rule through which an informationally decentralized … identification of decision rules. Evidence for learning competitive equilibrium is mixed due to strong heterogeneity in decision …

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 …

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 …

Observational learning theories often assume that people's actions can be observed. However, in many naturally … learning under optional disclosure conditions. We further examine empirically how individuals decide whether to reveal …

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 …

strongly restricts the space of agent actions, facilitating the identification of decision rules. Evidence for learning … learn across periods. However, a majority exhibit little evidence of learning, and many are, in fact, simply content to …

In this paper, I present an empirical model of learning under ambiguity in the context of clinical trials. Patients are … concern with learning the treatment effect of the experimental drug, but face the ambiguity of random group assignment. A two … dimensional Bayesian model of learning is proposed to capture patients' beliefs on the treatment effect and group assignment …