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dc.contributor.authorGroße, Niels Danielen
dc.date.accessioned2010-03-22-
dc.date.accessioned2010-05-20T14:34:37Z-
dc.date.available2010-05-20T14:34:37Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aFriedrich Schiller University Jena and Max Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aJena Economic Research Papers |x2010,011en
dc.subject.jelC91en
dc.subject.jelD81en
dc.subject.jelD85en
dc.subject.jelO33en
dc.subject.ddc330en
dc.subject.keywordstrategic experimentationen
dc.subject.keywordexperimenten
dc.subject.keywordbandit gameen
dc.subject.keywordrisk takingen
dc.subject.stwRisikopräferenzen
dc.subject.stwSpieltheorieen
dc.subject.stwTesten
dc.subject.stwNachbarschaftsökonomieen
dc.subject.stwSoziales Netzwerken
dc.titleExperimenting with strategic experimentation: Risk taking, neighborhood size and network structure-
dc.typeWorking Paperen
dc.identifier.ppn622163981en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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