Observational learning. Evidence from a randomized natural field experiment.

Autor/inn/en	Cai, Hongbin; Chen, Yuyu; Fang, Hanming
Titel	Observational learning. Evidence from a randomized natural field experiment.
Quelle	Cambridge, Mass.: National Bureau of Economic Research (2007), 20, 9 S. PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	NBER working paper series. 13516
Beigaben	grafische Darstellungen
Sprache	englisch
Dokumenttyp	online; gedruckt; Monographie; Graue Literatur
Schlagwörter	Verhalten; Lernen; Experiment; Konsum; Arbeitspapier; Interdependenz; China
Abstract	We present results about the effects of observing others' choices, called observational learning, on individuals' behavior and subjective well-being in the context of restaurant dining from a randomized natural field experiment. Our experimental design aims to distinguish observational learning effect from saliency effect (because observing others' choices also makes these choices more salient). We find that, depending on specifications, the demand for the top 5 dishes was increased by an average of about 13 to 18 percent when these popularity rankings were revealed to the customers; in contrast, being merely mentioned as some sample dishes did not significantly boost their demand. Moreover, we find that, consistent with theoretical predictions, some modest evidence that observational learning effect was stronger among infrequent customers. We also find that customers' subjective dining experiences were improved when presented with the information about the top choices by other consumers, but not when presented with the names of some sample dishes. (Abstract übernommen).
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2008/2