LotusDomino.com - The BEST links for IBM Lotus Domino and Notes (Workplace, Websphere Portal, Quickplace, Sametime)

Precautionary Saving and Social Learning Across Generations: An Experiment

Ballinger, T. Parker, Palumbo, Michael and Wilcox, Nathaniel T., "Precautionary Saving and Social Learning Across Generations: An Experiment" . Economic Journal, Vol. 113, pp. 920-947, October 2003 Available at SSRN:

Abstract:

    We use experimental methods to study how individuals solve life cycle 'precautionary savings' tasks. Some results resemble previous experimental work on dynamic optimisation tasks. Within our experiment, however, opportunities exist for subjects to learn from one another. Subjects participated in three-member 'families'. Second and third 'generation' subjects observe and/or communicate with their 'antecedent' first or second generation subject. We find that later generations perform significantly better than earlier generations. The results speak to questions concerning the precautionary model of consumption, the modelling of dynamic decision behaviour more generally, and the possible importance of social learning to individual decision-making.
Go to article

Click here to see more on this topic.

Previous visitors have searched for information on lotus notes help, design lotus notes and lotus notes manual. We do collect this information to update our site to your needs.

Lotus Notes is used by more than 100.000 people world wide. Other e-mail clients are: Citadel , Horde IMP and WebPine and other personal information manager software are: Chandler , OD4Contact (Mac OS X) and Rainlendar .

Products or trademarks named are used for reference, without any implied endorsement by their holders and
without intent to infringe. Disclaimer. Copyright 2005 - feedback hulsman @t h0tmail