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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 - Paperback

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 … More...

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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 - Paperback

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… More...

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

ISBN: 3836473585

Taschenbuch, [EAN: 9783836473583], Vdm Verlag, Vdm Verlag, Book, [PU: Vdm Verlag], Vdm Verlag, 58173011, Business, Karriere & Geld, 54529011, Arbeitssuche & Karriere, 58174011, Biographie… More...

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

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… More...

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

ISBN: 9783836473583

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The Role of Naive Advice and Observational Learning in Economic Decision Making
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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.

Details of the book - The Role of Naive Advice and Observational Learning in Economic Decision Making


EAN (ISBN-13): 9783836473583
ISBN (ISBN-10): 3836473585
Paperback
Publishing year: 2008
Publisher: VDM Verlag
100 Pages
Weight: 0,204 kg
Language: eng/Englisch

Book in our database since 2008-05-01T22:59:11+01:00 (London)
Detail page last modified on 2022-09-18T20:10:54+01:00 (London)
ISBN/EAN: 3836473585

ISBN - alternate spelling:
3-8364-7358-5, 978-3-8364-7358-3
Alternate spelling and related search-keywords:
Book author: wakolbinger
Book title: naive, decision making, naïve

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