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Social learning in ...
Social learning in beauty-contest games
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- Kocher, Martin G. (författare)
- Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik,Department of Economics
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- Sutter, Matthias, 1968 (författare)
- Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik,Department of Economics
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Wakolbinger, Florian (författare)
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(creator_code:org_t)
- Wiley, 2014
- 2014
- Engelska.
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Ingår i: Southern Economic Journal. - : Wiley. - 0038-4038. ; 80, s. 586-613
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Abstract
Ämnesord
Stäng
- We study the impact of social learning on the depth of reasoning in an experimental beautycontest game. Naive advice and observation of others' decisions as two forms of social learning trigger faster convergence to the equilibrium. We find that subjects who receive advice outperform uninformed subjects permanently, whereas subjects who observe others' past behavior before making their decision only have a temporary advantage over uninformed subjects. A series of control-treatments and simulations indicate that the latter result is due to subjects failing to make the most out of observing others. © Southern Economic Association, 2014.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business (hsv//eng)
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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