In his article, Igor Asanov experimentally studies social learning in a simple two-armed bandit problem – a setting, which allows to confront different theories of social learning. His results urge incorporation of count heuristics in the theory of social learning, and may help to explain technology, practice adoption failure, and poor investments.

Igor Asanov: Bandit cascade: A test of observational learning in the bandit problem. In: Journal of Economic Behavior & Organization
Volume 189, September 2021, pp 150-171.
 
https://www.sciencedirect.com/science/article/abs/pii/S0167268121002390?via%3Dihub