Resource title

Imitation - Theory and Experimental Evidence

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Resource description

We introduce a generalized theoretical approach to study imitation models and subject the models to rigorous experimental testing. In our theoretical analysis we find that the different predictions of previous imitation models are due to different informational assumptions, not to different behavioral rules. It is more important whom one imitates rather than how. In a laboratory experiment we test the different theories by systematically varying information conditions. We find that the generalized imitation model predicts the differences between treatments well. The data also provide support for imitation on the individual level, both in terms of choice and in terms of perception. But imitation is not unconditional. Rather individuals` propensity to imitate more successful actions is increasing in payoff differences.

Resource author

José Apesteguia, Steffen Huck, Jörg Oechssler

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/22869

Resource license

Adapt according to the presented license agreement and reference the original author.