We use experimental data to investigate what subjects have learned after participating in an economic experiment for many periods. At the end of our experiments subjects are given another experiment to perform which functions like a surprise quiz since they had not been informed about its existence before. The results of this surprise-quiz round, along with the time-series of their responses before the quiz, allow us to judge what they have learned. We find that depending on the manner in which subjects are paid, they attempt to learn different aspects of the experimental task and perform differently. Journal of Economic Literature Classification Numbers: C91, D83.
ASJC Scopus subject areas
- Economics and Econometrics