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On the behavior of proposers in ultimatum games

Brenner, Thomas; Vriend, Nicolaas J. - 2003

-payoff-maximizing offer. Second, considering a range of learning theories (from optimal to boundedly rational), we explain that this is an … inherent feature of the learning task faced by the proposers, and we provide some insights into the actual learning behavior of …

Persistent link: https://www.econbiz.de/10010284129

The power of reasoning: Experimental evidence

Dugar, Subhasish; Bhattacharya, Haimanti - 2008

This paper presents an experimental investigation of how a systematic variation in the cognitive demands on subjects affects the optimal play. The innovation of this paper is the choice of a game, which we call the Game of Position. This is a two-player zerosum game characterized by a...

Persistent link: https://www.econbiz.de/10010288060

An experiment on learning with limited information: Nonconvergence, experimentation cascades, and the advantage of being slow

Friedman, Eric; Shor, Mikhael; Shenker, Scott; Sopher, Barry - 2000

We present the results of an experiment on learning in a continuous-time low-information setting. For a Cournot …

Persistent link: https://www.econbiz.de/10010318349

Testing the TASP: An experimental investigation of learning in games with unstable equilibria

Cason, Timothy N.; Friedman, Daniel; Hopkins, Ed - 2009

We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The 'TASP … equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a …

Persistent link: https://www.econbiz.de/10010288137

Individual learning about consumption

Allen, Todd W.; Carroll, Christopher D. - 2001

-of-thumb?approximation to optimal behavior by trial-and-error methods as Friedman (1953) proposed long ago We find that such individual learning …

Persistent link: https://www.econbiz.de/10010293482

The interest rate, learning, and inventory investment

Maccini, Louis J.; Schaller, Huntley; Moore, Bartholomew - 2004

intuitively appealing explanation, based on regime switching in the real interest rate and learning, of why tests based on the …

Persistent link: https://www.econbiz.de/10010333073

Unbeatable imitation

Duersch, Peter; Oechssler, Jörg; Schipper, Burkhard C. - 2010

We show that for many classes of symmetric two-player games, the simple decision rule imitate-the-best can hardly be beaten by any other decision rule. We provide necessary and sufficient conditions for imitation to be unbeatable and show that it can only be beaten by much in games that are of...

Persistent link: https://www.econbiz.de/10010282117