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Self-efficacy beliefs and imitation: A two-armed bandit experiment

Abstract:

It is generally believed that individuals imitate others to gain status, minimise regret or simply ameliorate their performance. Psychology provides a complementary explanation: imitation becomes appealing when agents have little faith in their abilities. We investigate the extent to which self-efficacy beliefs affect agents’ propensities to imitate others. We propose an experimental task, which is a modified version of the two-armed bandit. We measure participants’ self-assessed self-efficac...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1016/j.euroecorev.2018.12.009

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Institution:
University of Oxford
Division:
SSD
Department:
SOGE
Sub department:
Smith School
Role:
Author
ORCID:
0000-0001-7926-0961
Publisher:
Elsevier
Journal:
European Economic Review More from this journal
Volume:
113
Pages:
156-172
Publication date:
2019-01-11
Acceptance date:
2018-12-28
DOI:
ISSN:
0014-2921
Language:
English
Keywords:
Pubs id:
pubs:959285
UUID:
uuid:e7674a6d-7c2b-4414-b1fe-ea4c6138b944
Local pid:
pubs:959285
Source identifiers:
959285
Deposit date:
2019-01-12

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