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The Role of Naive Advice and Observational Learning in Economic Decision Making - Wakolbinger, Florian
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Wakolbinger, Florian:
The Role of Naive Advice and Observational Learning in Economic Decision Making - Taschenbuch

2008, ISBN: 3836473585, Lieferbar binnen 4-6 Wochen

ID: 9783836473583

Internationaler Buchtitel. In englischer Sprache. Verlag: VDM Verlag, Paperback, 100 Seiten, L=240mm, B=170mm, H=6mm, Gew.=204gr, [GR: 17890 - HC/Wirtschaft/Sonstiges], Kartoniert/Broschiert, Klappentext: We examine the effects of observational learning and naïve advice on the quality of decision-making in interactive tasks and decisions with ethical aspects. Although many everyday decisions are influenced by receiving advice or by observing others, little is known about the comparative impact of these types of information. Chapter 1 introduces the topic, chapters 2 and 3 report the results of two experimental beauty-contest games in which either one or all subjects receive advice or observe others' past behavior. We find that subjects receiving advice outperform uninformed subjects permanently, whereas subjects who observe others before making their decision do only have a temporary advantage. Chapter 4 presents a tax-evasion experiment and distinguishes between advice of subjects and observing statistics about subjects that show either high or low compliance. Presenting such information increases evasion, even if it comes from the sample showing relatively high compliance. Advice has a bigger impact than observing others and subjects focus on selfish payoff maximization rather than morale when giving advice. Chapter 5 concludes.

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The Role of Naive Advice and Observational Learning in Economic Decision Making: Evidence from Economic Experiments - Florian Wakolbinger
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Florian Wakolbinger:
The Role of Naive Advice and Observational Learning in Economic Decision Making: Evidence from Economic Experiments - Taschenbuch

ISBN: 3836473585

Taschenbuch, [EAN: 9783836473583], Vdm Verlag, Vdm Verlag, Book, [PU: Vdm Verlag], Vdm Verlag, 58173011, Business, Karriere & Geld, 54529011, Arbeitssuche & Karriere, 58174011, Biographien & Geschichte, 58227011, Finanzwesen, 356085011, Frauen & Wirtschaft, 356080011, Fähigkeiten, 58190011, Geschäftsleben, 58266011, Immobilien, 58235011, Industriezweige & Berufe, 58285011, International, 58289011, Investieren, 58354011, Kleinunternehmen & Unternehmertum, 58298011, Management & Führung, 58316011, Marketing & Verkauf, 58348011, Nachschlagewerke, 356079011, Organisationales Verhalten, 58332011, Persönliche Finanzen, 356084011, Populäre Wirtschaftswissenschaften, 58202011, Wirtschaftswissenschaften, 54071011, Genres, 52044011, Fremdsprachige Bücher

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Florian Wakolbinger:
The Role of Naive Advice and Observational Learning in Economic Decision Making - Evidence from Economic Experiments - Taschenbuch

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The Role of Naive Advice and Observational Learning in Economic Decision Making - Florian Wakolbinger
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Florian Wakolbinger:
The Role of Naive Advice and Observational Learning in Economic Decision Making - Taschenbuch

ISBN: 9783836473583

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The Role of Naive Advice and Observational Learning in Economic Decision Making

We examine the effects of observational learning and naïve advice on the quality of decision-making in interactive tasks and decisions with ethical aspects. Although many everyday decisions are influenced by receiving advice or by observing others, little is known about the comparative impact of these types of information. Chapter 1 introduces the topic, chapters 2 and 3 report the results of two experimental beauty-contest games in which either one or all subjects receive advice or observe others' past behavior. We find that subjects receiving advice outperform uninformed subjects permanently, whereas subjects who observe others before making their decision do only have a temporary advantage. Chapter 4 presents a tax-evasion experiment and distinguishes between advice of subjects and observing statistics about subjects that show either high or low compliance. Presenting such information increases evasion, even if it comes from the sample showing relatively high compliance. Advice has a bigger impact than observing others and subjects focus on selfish payoff maximization rather than morale when giving advice. Chapter 5 concludes.

Detailangaben zum Buch - The Role of Naive Advice and Observational Learning in Economic Decision Making


EAN (ISBN-13): 9783836473583
ISBN (ISBN-10): 3836473585
Taschenbuch
Erscheinungsjahr: 2008
Herausgeber: VDM Verlag
100 Seiten
Gewicht: 0,204 kg
Sprache: eng/Englisch

Buch in der Datenbank seit 01.05.2008 23:59:11
Buch zuletzt gefunden am 17.04.2015 15:51:19
ISBN/EAN: 3836473585

ISBN - alternative Schreibweisen:
3-8364-7358-5, 978-3-8364-7358-3


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