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Marina Agranov

Publications and source records attributed to Marina Agranov.

3 recordsLinked to original sources

Learning Through Imitation: An Experiment

We compare how well agents aggregate information in two repeated social learning environments. In the first setting agents have access to a public data set. In the second they have access to the same data, and also to the past actions of others. Despite the fact that actions contain no additional payoff-relevant information, and despite potential herd behavior, free riding and information overload issues, observing and imitating the actions of others leads agents to take the optimal action more often in the second setting. We also investigate the effect of group size, as well as a setting in which agents observe private data and others' actions.

econ.TH↗

I Choose For You: an Experimental Study

We investigate whether risk and time preferences differ when individuals make decisions for others compared to making decisions for themselves. We introduce a novel ``skin in the game'' experimental design, where choices for others incur a direct cost to the decision-maker, ensuring a genuine trade-off between self-interest and surrogate allocation. The modal outcome is that participants are more risk-averse and impatient when choosing for others than for themselves. Our methodology reveals significant heterogeneity, successfully identifying selfish types often missed by the more standard ``no skin in the game'' approaches. The message is nuanced, as even non-selfish participants behave differently when they have skin in the game. Furthermore, our framework yields more consistent behavior and superior out-of-sample predictive power.

econ.GN↗

Strategic Complexity Promotes Egalitarianism in Legislative Bargaining

Strategic models of legislative bargaining predict that proposers can extract high shares of economic surplus by identifying and exploiting weak coalition partners. However, strength and weakness can be difficult to assess even with relatively simple bargaining protocols. We evaluate experimentally how strategic complexity affects the ability to identify weak coalition partners, and for the partners themselves to determine whether their positions are weak or strong. We find that, as strategic complexity progressively obscures bargaining strength, proposers migrate to egalitarianism, in significant part because non-proposers begin placing substantial weight on fairness. Greater analytic skill dampens but does not eliminate these patterns.

econ.TH↗