Journal
AMERICAN ECONOMIC REVIEW
Volume 94, Issue 3, Pages 484-498Publisher
AMER ECONOMIC ASSOC
DOI: 10.1257/0002828041464461
Keywords
-
Categories
Ask authors/readers for more resources
This paper reports an experimental test of how individuals learn from the behavior of others. By using techniques only available in the laboratory, we elicit subjects' beliefs. This allows us to distinguish informational cascades from herd behavior. By adding a setup with continuous signal and discrete action, we enrich the ball-and-urn observational learning experiments paradigm of Lisa R. Anderson and Charles Holt (1997). We attempt to understand subjects' behavior by estimating a model that allows for the possibility of errors in earlier decisions.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available