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'.
- Language
-
Englisch
- Bibliographic citation
-
Series: cemmap working paper ; No. CWP63/18
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Angrisani, Marco
Guarino, Antonio
Jehiel, Philippe
Kitagawa, Toru
- Event
-
Veröffentlichung
- (who)
-
Centre for Microdata Methods and Practice (cemmap)
- (where)
-
London
- (when)
-
2018
- DOI
-
doi:10.1920/wp.cem.2018.6318
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Angrisani, Marco
- Guarino, Antonio
- Jehiel, Philippe
- Kitagawa, Toru
- Centre for Microdata Methods and Practice (cemmap)
Time of origin
- 2018
Other Objects (12)
Information redundancy neglect versus overconfidence: A social learning experiment
Correlation Neglect und Overconfidence : eine experimentelle Studie
The Influence of Overconfidence and Competition Neglect On Entry Into Competition
Encoding Redundancy for Satisfaction-Driven Clause Learning
Time redundancy
Everyday econometricians: Selection neglect and overoptimism when learning from others
Overconfidence and bailouts
Overconfidence increases productivity
Objektbisektion bei Neglect
CRC (Cyclic Redundancy Check)
Redundancy in distributed proofs
Non-clausal redundancy properties
Information redundancy neglect versus overconfidence: A social learning experiment
Correlation Neglect und Overconfidence : eine experimentelle Studie
The Influence of Overconfidence and Competition Neglect On Entry Into Competition
Encoding Redundancy for Satisfaction-Driven Clause Learning
Time redundancy
Everyday econometricians: Selection neglect and overoptimism when learning from others
Overconfidence and bailouts
Overconfidence increases productivity
Objektbisektion bei Neglect
CRC (Cyclic Redundancy Check)
Redundancy in distributed proofs
Non-clausal redundancy properties
Information redundancy neglect versus overconfidence: A social learning experiment
Correlation Neglect und Overconfidence : eine experimentelle Studie
The Influence of Overconfidence and Competition Neglect On Entry Into Competition
Encoding Redundancy for Satisfaction-Driven Clause Learning
Time redundancy
Everyday econometricians: Selection neglect and overoptimism when learning from others
Overconfidence and bailouts
Overconfidence increases productivity
Objektbisektion bei Neglect
CRC (Cyclic Redundancy Check)
Redundancy in distributed proofs