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Social learning under ambiguity—An experimental study

Sara le Roux and Fabian Bopp

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2025, vol. 114, issue C

Abstract: Many behaviours spread through contact with others. The extent to which people adopt observed behaviour can critically affect whether policymakers are successful when introducing new initiatives. In many situations, people can either make decisions based on their own intuitive signals or follow a social signal. Depending on the quality of the signals, one might be more informative than the other. This study aims to better understand how people use social information to learn in ambiguous situations, when both the private and the social signal are not perfectly informative. We conduct an experimental study that observes whether people are prone to imitate others in risky and ambiguous environments. We find that individuals do learn from social information and that this learning is robust and not significantly affected by ambiguity.

Keywords: Risk; Ambiguity; Imitating; Social learning (search for similar items in EconPapers)
JEL-codes: C91 D81 D82 D83 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:114:y:2025:i:c:s2214804324001605

DOI: 10.1016/j.socec.2024.102323

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Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) is currently edited by Pablo Brañas Garza

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