Bandits in the lab

B-Tier
Journal: Quantitative Economics
Year: 2021
Volume: 12
Issue: 3
Pages: 1021-1051

Authors (2)

Johannes Hoelzemann (not in RePEc) Nicolas Klein (Université de Montréal)

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

We experimentally implement a dynamic public‐good problem, where the public good in question is the dynamically evolving information about agents' common state of the world. Subjects' behavior is consistent with free‐riding because of strategic concerns. We also find that subjects adopt more complex behaviors than predicted by the welfare‐optimal equilibrium, such as noncut‐off behavior, lonely pioneers, and frequent switches of action.

Technical Details

RePEc Handle
repec:wly:quante:v:12:y:2021:i:3:p:1021-1051
Journal Field
General
Author Count
2
Added to Database
2026-01-25