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Learning Through Imitation: an Experiment / Marina Agranov, Gabriel Lopez-Moctezuma, Philipp Strack, Omer Tamuz.
- Format:
- Book
- Author/Creator:
- Agranov, Marina.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w29962.
- NBER working paper series no. w29962
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2022.
- Summary:
- We compare how well agents aggregate information in two repeated social learning environments. In the first setting agents have access to a public data set. In the second they have access to the same data, and also to the past actions of others. Despite the fact that actions contain no additional payoff relevant information, and despite potential herd behavior, free riding and information overload issues, observing and imitating the actions of others leads agents to take the optimal action more often in the second setting. We also investigate the effect of group size, as well as a setting in which agents observe private data and others' actions.
- Notes:
- Print version record
- April 2022.
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