Altruistic Observational Learning

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 5792

Classification and Topics

• Classification: Wirtschaft ; Altruism; Philanthropy; Intergenerational Transfers ; Asymmetric and Private Information; Mechanism Design ; Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
• Subject: social learning ; informational herding ; altruistic behavior

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): March, Christoph ; Ziegelmeyer, Anthony
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/130420
• Last update: 10.03.2025, 11:43 AM CET