Information redundancy neglect versus overconfidence: a social learning experiment
Marco Angrisani,
Antonio Guarino,
Philippe Jehiel () and
Toru Kitagawa ()
Additional contact information
Toru Kitagawa: Institute for Fiscal Studies and University College London
No CWP32/17, CeMMAP working papers from Centre for Microdata Methods and Practice, Institute for Fiscal Studies
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'.
Date: 2017-06-22
New Economics Papers: this item is included in nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)
Downloads: (external link)
https://www.ifs.org.uk/uploads/cemmap/wps/CWP321717.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (https://www.ifs.org.uk/uploads/cemmap/wps/CWP321717.pdf [302 Found]--> https://ifs.org.uk/uploads/cemmap/wps/CWP321717.pdf)
Related works:
Journal Article: Information Redundancy Neglect versus Overconfidence: A Social Learning Experiment (2021) 
Working Paper: Information Redundancy Neglect versus Overconfidence: A Social Learning Experiment (2021)
Working Paper: Information Redundancy Neglect versus Overconfidence: A Social Learning Experiment (2021)
Working Paper: Information Redundancy Neglect versus Overconfidence: A Social Learning Experiment (2019) 
Working Paper: Information Redundancy Neglect versus Overconfidence: A Social Learning Experiment (2019) 
Working Paper: Information redundancy neglect versus overconfidence: a social learning experiment (2018) 
Working Paper: Information redundancy neglect versus overconfidence: a social learning experiment (2017) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ifs:cemmap:32/17
Ordering information: This working paper can be ordered from
The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE
Access Statistics for this paper
More papers in CeMMAP working papers from Centre for Microdata Methods and Practice, Institute for Fiscal Studies The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE. Contact information at EDIRC.
Bibliographic data for series maintained by Emma Hyman ().