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https://hdl.handle.net/10419/49877
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Hu, Yingyao | en |
dc.contributor.author | Kayaba, Yutaka | en |
dc.contributor.author | Shum, Matt | en |
dc.date.accessioned | 2011-09-27T15:21:12Z | - |
dc.date.available | 2011-09-27T15:21:12Z | - |
dc.date.issued | 2010 | - |
dc.identifier.uri | http://hdl.handle.net/10419/49877 | - |
dc.description.abstract | How do people learn? We assess, in a distribution-free manner, subjects' learning and choice rules in dynamic two-armed bandit (probabilistic reversal learning) experiments. To aid in identification and estimation, we use auxiliary measures of subjects' beliefs, in the form of their eye-movements during the experiment. Our estimated choice probabilities and learning rules have some distinctive features; notably that subjects tend to update in a non-smooth manner following choices made in accordance with current beliefs. Moreover, the beliefs implied by our nonparametric learning rules are closer to those from a (non-Bayesian) reinforcement learning model, than a Bayesian learning model. | en |
dc.language.iso | eng | en |
dc.publisher | |aThe Johns Hopkins University, Department of Economics |cBaltimore, MD | en |
dc.relation.ispartofseries | |aWorking Paper |x560 | en |
dc.subject.jel | D83 | en |
dc.subject.jel | C91 | en |
dc.subject.jel | C14 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Learning | en |
dc.subject.keyword | experiments | en |
dc.subject.keyword | eye-tracking | en |
dc.subject.keyword | Bayesian vs. non-Bayesian learning | en |
dc.subject.keyword | nonparametric estimation | en |
dc.subject.stw | Schätztheorie | en |
dc.subject.stw | Lernen | en |
dc.subject.stw | Nichtparametrisches Verfahren | en |
dc.subject.stw | Simulation | en |
dc.subject.stw | Dynamisches Modell | en |
dc.title | Nonparametric learning rules from bandit experiments: The eyes have it! | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 635252643 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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