A Surprise-Quiz View of Learning in Economic Experiments

Antonio Merlo, Andrew Schotter

    Research output: Contribution to journalArticle

    Abstract

    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.

    Original languageEnglish (US)
    Pages (from-to)25-54
    Number of pages30
    JournalGames and Economic Behavior
    Volume28
    Issue number1
    DOIs
    StatePublished - Jul 1 1999

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    ASJC Scopus subject areas

    • Finance
    • Economics and Econometrics

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