Advanced Search
MyIDEAS: Login to save this paper or follow this series

Learning From The Skills Of Others: Experimental Evidence

Contents:

Author Info

  • Thomas Gilbert
  • Shimon Kogan
Registered author(s):

    Abstract

    This paper reports an experimental test of how, when observing others' actions, participants learn more than just information that the others have. We use a setting where all information is public and where subjects face two kinds of information sets: (1) the information that is necessary and su±cient for them to payoff-maximize and (2) the decisions of previous players. We show that by observing the second type of information subjects learn how to improve their own decision-making process. Specifically, the accurate players make small errors no matter what information set they face whereas the inaccurate players perform much better when the decisions of others are public.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: https://student-3k.tepper.cmu.edu/gsiadoc/wp/2006-E25.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Carnegie Mellon University, Tepper School of Business in its series GSIA Working Papers with number 2006-E25.

    as in new window
    Length:
    Date of creation: Nov 2005
    Date of revision:
    Handle: RePEc:cmu:gsiawp:-564547622

    Contact details of provider:
    Postal: Tepper School of Business, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15213-3890
    Web page: http://www.tepper.cmu.edu/

    Order Information:
    Web: http://student-3k.tepper.cmu.edu/gsiadoc/GSIA_WP.asp

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:cmu:gsiawp:-564547622. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Steve Spear).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.