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The Role of Naive Advice and Observational Learning in Economic Decision Making - Evidence from Economic Experiments - Florian Wakolbinger
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The Role of Naive Advice and Observational Learning in Economic Decision Making - Evidence from Economic Experiments - Pasta blanda

ISBN: 9783836473583

Paperback, [PU: VDM Verlag Dr. Mueller E.K.], We examine the effects of observational learning and naïve advice on the quality of decision-making in interactive tasks and decisions with … Más…

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The Role of Naive Advice and Observational Learning in Economic Decision Making - Evidence from Economic Experiments - Florian Wakolbinger
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Florian Wakolbinger:

The Role of Naive Advice and Observational Learning in Economic Decision Making - Evidence from Economic Experiments - Pasta blanda

ISBN: 9783836473583

Paperback, [PU: VDM Verlag Dr. Mueller e.K.], We examine the effects of observational learning and nave advice on the quality of decision-making in interactive tasks and decisions with et… Más…

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Florian Wakolbinger:
The Role of Naive Advice and Observational Learning in Economic Decision Making: Evidence from Economic Experiments - Pasta blanda

ISBN: 3836473585

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Florian Wakolbinger:
The Role of Naive Advice and Observational Learning in Economic Decision Making - Evidence from Economic Experiments (Paperback) - Pasta blanda

ISBN: 3836473585

[EAN: 9783836473583], Neubuch, Paperback. We examine the effects of observational learning and nave advice on the quality of decision-making in interactive tasks and decisions with ethica… Más…

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Florian Wakolbinger:
The Role of Naive Advice and Observational Learning in Economic Decision Making - Evidence from Economic Experiments - Pasta blanda

ISBN: 9783836473583

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Detalles del libro
The Role of Naive Advice and Observational Learning in Economic Decision Making
Autor:
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ISBN:

3836473585


We examine the effects of observational learning and naïve advice on the quality of decision-making in interactive tasks and decisions with ethical aspects. Although many everyday decisions are influenced by receiving advice or by observing others, little is known about the comparative impact of these types of information. Chapter 1 introduces the topic, chapters 2 and 3 report the results of two experimental beauty-contest games in which either one or all subjects receive advice or observe others' past behavior. We find that subjects receiving advice outperform uninformed subjects permanently, whereas subjects who observe others before making their decision do only have a temporary advantage. Chapter 4 presents a tax-evasion experiment and distinguishes between advice of subjects and observing statistics about subjects that show either high or low compliance. Presenting such information increases evasion, even if it comes from the sample showing relatively high compliance. Advice has a bigger impact than observing others and subjects focus on selfish payoff maximization rather than morale when giving advice. Chapter 5 concludes.

Detalles del libro - The Role of Naive Advice and Observational Learning in Economic Decision Making


EAN (ISBN-13): 9783836473583
ISBN (ISBN-10): 3836473585
Tapa blanda
Año de publicación: 2008
Editorial: VDM Verlag
100 Páginas
Peso: 0,204 kg
Idioma: eng/Englisch

Libro en la base de datos desde 2008-05-01T23:59:11+02:00 (Madrid)
Página de detalles modificada por última vez el 2022-09-18T21:10:54+02:00 (Madrid)
ISBN/EAN: 3836473585

ISBN - escritura alterna:
3-8364-7358-5, 978-3-8364-7358-3
Mode alterno de escritura y términos de búsqueda relacionados:
Autor del libro: wakolbinger
Título del libro: naive, decision making, naïve

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