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Eliciting Learning Ability

Type
working paper
Date Issued
2024-12-20
Author(s)
Müller-Itten, Michèle  orcid-logo
Abstract
I express an agent's learning ability through a maximal menu of zero welfare. A simple duality links this zero set and posterior-separable learning costs that are common in the Rational Inattention literature. The novel representation helps to elicit the agent's prior belief and perceived learning ability in a simple, cost-effective and versatile way. Relative to existing approaches, the protocol also works when learning cannot be tightly controlled, and when learning produces lasting effects that alter the beliefs or costs in subsequent tasks. An experimental implementation is planned, and the manuscript will be updated once the findings are available.
Language
English
Keywords
Rational Inattention
Learning Costs
Experimental Design JEL: C91
D83
URL
https://www.alexandria.unisg.ch/handle/20.500.14171/121680.2
Subject(s)

economics

File(s)
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Thumbnail Image

open.access

Name

ElicitLA.pdf

Size

835.05 KB

Format

Adobe PDF

Checksum (MD5)

c39409c75bcfaf674a2a0180954613ad

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