Artikel
Bandits in the lab
We experimentally implement a dynamic public-good problem, where the public good in question is the dynamically evolving information about agents' common state of the world. Subjects' behavior is consistent with free-riding because of strategic concerns. We also find that subjects adopt more complex behaviors than predicted by the welfare-optimal equilibrium, such as noncut-off behavior, lonely pioneers, and frequent switches of action.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Quantitative Economics ; ISSN: 1759-7331 ; Volume: 12 ; Year: 2021 ; Issue: 3 ; Pages: 1021-1051 ; New Haven, CT: The Econometric Society
- Classification
-
Wirtschaft
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
Design of Experiments: Laboratory, Group Behavior
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Management of Technological Innovation and R&D
- Subject
-
dynamic games
Dynamic public-good problem
exponential bandits
laboratory experiments
learning
strategic experimentation
- Event
-
Geistige Schöpfung
- (who)
-
Hoelzemann, Johannes
Klein, Nicolas Alexandre
- Event
-
Veröffentlichung
- (who)
-
The Econometric Society
- (where)
-
New Haven, CT
- (when)
-
2021
- DOI
-
doi:10.3982/QE1389
- Handle
- Last update
-
10.03.2025, 11:42 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
- Artikel
Associated
- Hoelzemann, Johannes
- Klein, Nicolas Alexandre
- The Econometric Society
Time of origin
- 2021
Other Objects (12)
Peers at work: Evidence from the lab
Measuring and disentangling ambiguity and confidence in the lab
A lab test on the decision not to decide
The German Microdata Lab at ZUMA: Services Provided to the Scientific Community
Contact zones are not necessarily comfort zones : posthumanities in the gender lab
Living Lab: Forschung und Praxis am Universitätscampus
Can lab experiments help design personnel policies?
Estimating risk attitudes in conventional and artefactual lab experiments: The importance of the underlying assumptions
Charity begins at home: A lab-in-the-field experiment on charitable giving
The effect of peer observation on consumption choices: evidence from a lab-in-field experiment
Biomedical Mobilities : Transnational Lab-Benches and Other Space-Effects
Kommunikative Vorhölle : Jagoda Szmytkas Limbo Lander im FrankfurtLAB
Peers at work: Evidence from the lab
Measuring and disentangling ambiguity and confidence in the lab
A lab test on the decision not to decide
The German Microdata Lab at ZUMA: Services Provided to the Scientific Community
Contact zones are not necessarily comfort zones : posthumanities in the gender lab
Living Lab: Forschung und Praxis am Universitätscampus
Can lab experiments help design personnel policies?
Estimating risk attitudes in conventional and artefactual lab experiments: The importance of the underlying assumptions
Charity begins at home: A lab-in-the-field experiment on charitable giving
The effect of peer observation on consumption choices: evidence from a lab-in-field experiment
Biomedical Mobilities : Transnational Lab-Benches and Other Space-Effects
Kommunikative Vorhölle : Jagoda Szmytkas Limbo Lander im FrankfurtLAB
Peers at work: Evidence from the lab
Measuring and disentangling ambiguity and confidence in the lab
A lab test on the decision not to decide
The German Microdata Lab at ZUMA: Services Provided to the Scientific Community
Contact zones are not necessarily comfort zones : posthumanities in the gender lab
Living Lab: Forschung und Praxis am Universitätscampus
Can lab experiments help design personnel policies?
Estimating risk attitudes in conventional and artefactual lab experiments: The importance of the underlying assumptions
Charity begins at home: A lab-in-the-field experiment on charitable giving
The effect of peer observation on consumption choices: evidence from a lab-in-field experiment
Biomedical Mobilities : Transnational Lab-Benches and Other Space-Effects