Imitation and luck: An experimental study on social sampling

B-Tier
Journal: Games and Economic Behavior
Year: 2009
Volume: 65
Issue: 2
Pages: 461-502

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this paper, we present the results of two experiments on social sampling, where people make a risky decision after they have sampled the behavior of others who have done exactly the same problem before them. In an individual decision making problem as well as in the takeover game, the simple behavioral rule of imitating the best appears to be a robust description of behavior despite the fact that it is not optimal in any of the experimental tasks. Social sampling makes people look more risk seeking than the people who do not have the opportunity to sample.

Technical Details

RePEc Handle
repec:eee:gamebe:v:65:y:2009:i:2:p:461-502
Journal Field
Theory
Author Count
2
Added to Database
2026-01-26