Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059122 | Economics Letters | 2013 | 4 Pages |
Abstract
â¢Receiving an inferior payoff creates a negative impulse for a pure strategy.â¢Receiving a superior payoff does not lead to a systematic impulse.â¢A positive impulse for the maximin strategy counterbalances a negative impulse.
This paper experimentally investigates the nature of impulses in impulse learning. Particularly, we analyze whether positive feedback (i.e., yielding a superior payoff in a game) or negative feedback (i.e., yielding an inferior payoff in a game) leads to a systematic change in the individual choices. The results reveal that subjects predominantly learn from negative feedback.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jieyao Ding, Andreas Nicklisch,