Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/129543
Authors: 
Penczynski, Stefan P.
Year of Publication: 
2013
Series/Report no.: 
Working Paper Series, Department of Economics, University of Mannheim 13-01
Abstract: 
This paper proposes a behavioral model of social learning that unies various forms of inferential reasoning in one hierarchy of types. Iterated best responses that are based on uninformative level-0 play lead to the following of the private information (level-1), to the following of the majority (level-2), to a differentiated view on predecessors (level-3), etc. I present evidence from three sources that these are the prevalent types of reasoning in social learning: a review of social learning studies, existing data from Celen and Kariv (2004) as well as new experimental data that includes written accounts of reasoning from incentivized intra-team communication.
Subjects: 
Social learning
levels of reasoning
JEL: 
C91
D82
D83
D84
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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