The nature of social learning: Experimental evidence

Penczynski, Stefan P. (2017) The nature of social learning: Experimental evidence. European Economic Review, 94. pp. 148-165. ISSN 0014-2921

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    Abstract

    In the wide economic literature on social learning, many types of behavior – rational and non-rational – have been proposed. I suggest a level-k model that unifies many of them in one framework. This paper analyzes experimental data that is able to distinguish between levels of reasoning at the individual level. It relies on rich, existing data from Çelen and Kariv (2004) as well as new experimental data that includes written accounts of reasoning from incentivized intra-team communication. Three datasets provide consistent evidence that naïve inference in form of the best response to truthful play is the most common approach to social learning. The empirical type distributions feature heterogeneity similar to other level-k applications.

    Item Type: Article
    Uncontrolled Keywords: social learning,levels of reasoning,naïve inference
    Faculty \ School: Faculty of Social Sciences > School of Economics
    Depositing User: Pure Connector
    Date Deposited: 19 Dec 2017 06:07
    Last Modified: 09 Apr 2019 12:52
    URI: https://ueaeprints.uea.ac.uk/id/eprint/65753
    DOI: 10.1016/j.euroecorev.2017.01.010

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