Arbeitspapier
Altruistic Observational Learning
We report two information cascade game experiments that directly test the impact of altruism on observational learning. Participants interact in two parallel sequences, the observed and the unobserved sequence. Only the actions of the observed entail informational benefits to subsequent participants. We find that observed contradict their private information significantly less often than unobserved when the monetary incentives to herd are moderately weak. Long laboratory cascades accumulate substantial public information which increases the earnings of participants. In Experiment 2, participants have better opportunities to learn about the strategies played by observed which amplifies the impact of altruism on observational learning.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 5792
- Klassifikation
-
Wirtschaft
Altruism; Philanthropy; Intergenerational Transfers
Asymmetric and Private Information; Mechanism Design
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- Thema
-
social learning
informational herding
altruistic behavior
- Ereignis
-
Geistige Schöpfung
- (wer)
-
March, Christoph
Ziegelmeyer, Anthony
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- March, Christoph
- Ziegelmeyer, Anthony
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2016
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