Showing 1 - 10 of 12
learning process of individuals with different preference types (more and less pro-social) and coarse information regarding the …
Persistent link: https://www.econbiz.de/10011326679
decision rules, and that only a quarter of them decide according to the toss of a fair coin. Reinforcement learning is the most … ; Mixed strategy ; Learning models ; Experiments …
Persistent link: https://www.econbiz.de/10008689027
Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 … order shown by Selten and Chmura. This result supports our view that learning in networks is different from learning in … random matching. -- experimental economics ; networks ; learning …
Persistent link: https://www.econbiz.de/10009315048
In first- and second-price private value auctions with sequential bidding, second movers may discover the first movers’ bid. Equilibrium behavior in the first-price auction is mostly unaffected but there are multiple equilibria in the second- price auction. Consequently, comparative statics...
Persistent link: https://www.econbiz.de/10011738563
; learning ; information and knowledge ; communication ; belief ; expectations ; speculations …
Persistent link: https://www.econbiz.de/10003809924
; Start-up teams ; Entrepreneurial learning …
Persistent link: https://www.econbiz.de/10003944132
We revisit the economic models of social learning by assuming that individuals update their beliefs in a non … heterogeneous updating rules in a simple social learning environment reconciles equilibrium predictions with laboratory evidence …. Additionally, a model of social learning with bounded private beliefs and sufficiently rich updating rules corresponds to a model …
Persistent link: https://www.econbiz.de/10003924223
behavior, non-selfish preferences may be evolutionarily successful. -- evolution of preferences ; altruism ; learning ; self …
Persistent link: https://www.econbiz.de/10009230354
Persistent link: https://www.econbiz.de/10003593213
Recent literature has questioned the existence of a learning foundation for the partially cursed equilibrium. This … equilibrium. -- Analogy expectations ; bounded rationality ; curse ; learning …
Persistent link: https://www.econbiz.de/10003803107