Learning, experimentation and information design

J Hörner, A Skrzypacz - Advances in Economics and …, 2017 - books.google.com
The purpose of this paper is to survey recent developments in a literature that combines
ideas from experimentation, learning, and strategic interactions. Because this literature is …

Strategic experimentation with private payoffs

P Heidhues, S Rady, P Strack - Journal of Economic Theory, 2015 - Elsevier
We consider a game of strategic experimentation in which players face identical discrete-
time bandit problems with a safe and a risky arm. In any period, the risky arm yields either a …

[PDF][PDF] Strategic experimentation with asymmetric information

M Dong - Unpublished Paper, Pennsylvania …, 2018 - applied-micro-seminar.uni …
This paper studies strategic experimentation between two players, with one player initially
better informed about the state of nature. They are otherwise symmetric, and observe past …

Bandits in the Lab

J Hoelzemann, N Klein - Quantitative Economics, 2021 - Wiley Online Library
We experimentally implement a dynamic public‐good problem, where the public good in
question is the dynamically evolving information about agents' common state of the world …

Overcoming free-riding in bandit games

J Hörner, N Klein, S Rady - The Review of Economic Studies, 2022 - academic.oup.com
This article considers a class of experimentation games with Lévy bandits encompassing
those of Bolton and Harris (1999, Econometrica, 67, 349–374) and Keller, Rady, and Cripps …

Strategic learning in teams

N Klein - Games and Economic Behavior, 2013 - Elsevier
This paper analyzes a two-player game of strategic experimentation with three-armed
exponential bandits in continuous time. Players play bandits of identical types, with one arm …

Super-and submodularity of stop** games with random observations

S Boyarchenko - Economic Theory, 2020 - Springer
Abstract Models of learning and experimentation based on two-armed Poisson bandits
addressed several important aspects related to strategic and motivational learning, but they …

Strategic investment and learning with private information

N Klein, P Achim - Available at SSRN 3302677, 2018 - papers.ssrn.com
We study a two-player game of strategic experimentation with private information in which
agents choose the timing of risky investments. Agents learn about future returns through …

Subsidizing research programs with “if” and “when” uncertainty in the face of severe informational constraints

D Besanko, J Tong, JJ Wu - The RAND Journal of Economics, 2018 - Wiley Online Library
We study subsidy policies for research programs when firms have private information about
the likelihood of project viability, but the government cannot form a unique prior about this …

Moral hazard in remote teams

E Bisetti, B Tengelsen… - International Economic …, 2022 - Wiley Online Library
We reexamine the ability of teams to credibly self‐impose group punishments and prevent
free riding when individual inputs are unobservable. We formulate self‐imposed group …