Large Learning Through Imitation: An Experiment (opens in new tab)

We compare how well agents aggregate information in two repeated social learning environments. In the first setting agents have access to a public data set. In the second they have access to the same data, and also to the past actions of others. Despite the fact that actions contain no additional payoff-relevant information, and despite potential herd behavior, free riding and information overload issues, observing and imitating the actions of o...