Arbeitspapier
Information redundancy neglect versus overconfidence: A social learning experiment
We study social learning in a continuous action space experiment. Subjects, acting in sequence, state their belief about the value of a good, after observing their predecessors' statements and a private signal. We compare the behavior in the laboratory with the Perfect Bayesian Equilibrium prediction and the predictions of bounded rationality models of decision making: the redundancy of information neglect model and the overconfidence model. The results of our experiment are in line with the predictions of the overconfidence model and at odds with the others'.
- Sprache
-
Englisch
- Erschienen in
-
Series: cemmap working paper ; No. CWP63/18
Klassifikation
Wirtschaft
Ereignis
Geistige Schöpfung
(wer)
Angrisani, Marco
Guarino, Antonio
Jehiel, Philippe
Kitagawa, Toru
Guarino, Antonio
Jehiel, Philippe
Kitagawa, Toru
Ereignis
Veröffentlichung
(wer)
Centre for Microdata Methods and Practice (cemmap)
(wo)
London
(wann)
2018
- DOI
-
doi:10.1920/wp.cem.2018.6318
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Angrisani, Marco
- Guarino, Antonio
- Jehiel, Philippe
- Kitagawa, Toru
- Centre for Microdata Methods and Practice (cemmap)
Entstanden
- 2018
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