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Learning to Wait : A Laboratory Investigation
Friedman, Daniel; Oprea, Ryan; Anderson, Steven T. - 2008
learning model suggests that subjects react reliably to ex-post losses due to early investment, but react more strongly to … missed investment opportunities. Simulations show that this unbalanced learning process converges on a nearly optimal steady …
Persistent link: https://www.econbiz.de/10014213974
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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
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Boiling the frog optimally: Nan experiment on survivor curve shapes and internet revenue
Aperjis, Christina; Bosch-Rosa, Ciril; Friedman, Daniel; … - 2014
When should a necessary inconvenience be introduced gradually, and when should it be imposed all at once? The question is crucial to web content providers, who in order to generate revenue must sooner or later introduce advertisements, subscription fees, or other inconveniences. Assuming that...
Persistent link: https://www.econbiz.de/10010427068
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From imitation to collusion : long-run learning in a low-information environment
Friedman, Daniel; Huck, Steffen; Oprea, Ryan; … - 2012 - August 2012 (revised October 2013)
We explore the stability of imitation in a 1,200-period experimental Cournot game where subjects do not know the payoff function but see the output quantities and payoffs of each oligopolist after every period. In line with theoretical predictions and previous experimental findings, our...
Persistent link: https://www.econbiz.de/10010194591
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Boiling the frog optimally : nan experiment on survivor curve shapes and internet revenue
Aperjis, Christina; Bosch-Rosa, Ciril; Friedman, Daniel; … - 2014
When should a necessary inconvenience be introduced gradually, and when should it be imposed all at once? The question is crucial to web content providers, who in order to generate revenue must sooner or later introduce advertisements, subscription fees, or other inconveniences. Assuming that...
Persistent link: https://www.econbiz.de/10010413236
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From imitation to collusion : long-run learning in a low-information environment
Friedman, Daniel; Huck, Steffen; Oprea, Ryan; … - 2012
We study long-run learning in an experimental Cournot game with no explicit information about the payoff function …-shot game. Our results suggest a new explanation for the emergence of cooperation. -- Cournot oligopoly ; imitation ; learning …
Persistent link: https://www.econbiz.de/10009580852
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From imitation to collusion : long-run learning in a low-information environment
Friedman, Daniel; Huck, Steffen; Oprea, Ryan; … - 2012
We study long-run learning in an experimental Cournot game with no explicit information about the payoff function …-shot game. Our results suggest a new explanation for the emergence of cooperation. -- Cournot oligopoly ; imitation ; learning …
Persistent link: https://www.econbiz.de/10009583743
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Boiling the frog optimally: nan experiment on survivor curve shapes and internet revenue
Aperjis, Christina; Bosch-Rosa, Ciril; Friedman, Daniel; … - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2014
When should a necessary inconvenience be introduced gradually, and when should it be imposed all at once? The question is crucial to web content providers, who in order to generate revenue must sooner or later introduce advertisements, subscription fees, or other inconveniences. Assuming that...
Persistent link: https://www.econbiz.de/10011015109
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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/10003921539