Knowledge restructuring occurs when people shift to a new strategy or representation during learning. Although knowledge restructuring can frequently be experimentally encouraged, there are instances in which people resist restructuring and continue to use an expedient but imperfect initial strategy. The authors report 3 category learning experiments that reconciled those conflicting outcomes b...

We argue in favour of identifying one aspect of rational choice with the tendency to conform to the choice you expect another like-minded, but non-communicating, agent to make and study this idea in the very basic case where the choice is from a non-empty subset K of 2A and no further structure or knowledge of A is assumed.

We use a revealed preference approach to disentangle conformity, an intrinsic taste to follow others, from information driven herding. We provide observations from a series of sequential decision making experiments in which subjects choose the type of information they observe before making their decision. Namely, subjects choose between observing a private (statistically informative) signal or ...

This paper examines the implications for multinational firms of recent proposals to conform tax and financial reporting (i.e., book-tax conformity). Proponents of book-tax conformity argue that the current dual system in the U.S. allows firms to simultaneously manage their taxable income down while managing their book income upward. By requiring book-tax conformity, they contend that firms will...