Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/189811
Authors: 
Angrisani, Marco
Guarino, Antonio
Jehiel, Philippe
Kitagawa, Toru
Year of Publication: 
2018
Series/Report no.: 
cemmap working paper No. CWP63/18
Abstract: 
We study social learning in a continuous action space experiment. Subjects, acting in sequence, state their belief about the value of a good, after observing their predecessors' statements and a private signal. We compare the behavior in the laboratory with the Perfect Bayesian Equilibrium prediction and the predictions of bounded rationality models of decision making: the redundancy of information neglect model and the overconfidence model. The results of our experiment are in line with the predictions of the overconfidence model and at odds with the others'.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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