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dc.contributor.authorGroße, Niels Danielen_US
dc.date.accessioned2010-03-22en_US
dc.date.accessioned2010-05-20T14:34:37Z-
dc.date.available2010-05-20T14:34:37Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/32635-
dc.description.abstractThis paper investigates the effects of neighborhood size and network structure on strategic experimentation. We analyze a multi-arm bandit game with one safe and two risky alternatives. In this setting, risk taking produces a learning externality and an opportunity for free riding. We conduct a laboratory experiment to investigate whether group size and the network structure affect risk taking. We find that group size has an effect on risk taking that is qualitatively in line with equilibrium predictions. Introducing an asymmetry among agents in the same network with respect to neighborhood size leads to substantial deviations from equilibrium play. Findings suggests that subjects react to changes in their direct neighborhood but fail to play a best-response to their position within the network.en_US
dc.language.isoengen_US
dc.publisherUniv. [u.a.] Jenaen_US
dc.relation.ispartofseriesJena economic research papers 2010,011en_US
dc.subject.jelC91en_US
dc.subject.jelD81en_US
dc.subject.jelD85en_US
dc.subject.jelO33en_US
dc.subject.ddc330en_US
dc.subject.keywordstrategic experimentationen_US
dc.subject.keywordexperimenten_US
dc.subject.keywordbandit gameen_US
dc.subject.keywordrisk takingen_US
dc.subject.stwRisikopräferenzen_US
dc.subject.stwSpieltheorieen_US
dc.subject.stwTesten_US
dc.subject.stwNachbarschaftsökonomieen_US
dc.subject.stwSoziales Netzwerken_US
dc.titleExperimenting with strategic experimentation: Risk taking, neighborhood size and network structureen_US
dc.typeWorking Paperen_US
dc.identifier.ppn622163981en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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