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We study learning and influence in a setting where agents communicate according to an arbitrary social network and …
Persistent link: https://www.econbiz.de/10010312406
This paper examines the learning dynamics of boundedly rational agents, who are asked to voluntarily contribute to a … striking differences between strategies played in the two games are confirmed by simulations, where the learning process is …
Persistent link: https://www.econbiz.de/10010317618
The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly … interact in social-learning settings with distinct information structures. In each round of interaction, they use their … behavior in the long-run if and only if individuals distinguish social-learning settings and receive rich feedback after each …
Persistent link: https://www.econbiz.de/10011434567
We study how subjects in an experiment use different forms of public information about their opponents' past behavior. In the absence of public information, subjects appear to use rather detailed statistics summarizing their private experiences. If they have additional public information, they...
Persistent link: https://www.econbiz.de/10011437784
learning processes exhibited by players. …
Persistent link: https://www.econbiz.de/10011539831
Bateson. Learning requires to recognize a series of situations as identical and then to observe the effect of given variables … hypothesis to be continuously tested. This vision of bounds and learning has many implications for the debate on rationality and …
Persistent link: https://www.econbiz.de/10011523697
Dieser Beitrag gibt einen Überblick über Ansatzpunkte und Möglichkeiten zur Integration von Lernprozessen in volkswirtschaftliche Fragestellungen. Es werden alternative Methoden vorgestellt, individuelle aber auch gesellschaftliche Lernenvorgänge in ökonomischen Modellen zu erfassen.
Persistent link: https://www.econbiz.de/10011526281
Persistent link: https://www.econbiz.de/10010191331
externalities for each other. When informational externalities are positive, the agents’ learning processes are mutually … takes a more extreme action, generating a positive feedback loop. The opposite pattern, mutually-limiting learning, arises …
Persistent link: https://www.econbiz.de/10013249016
In standard models of rational learning from experience, prior uncertainties and disagreements recede smoothly as …, uncertainties will surge and core disagreements widen. In general, rational learning tends to bifurcate into calm and turbulent …
Persistent link: https://www.econbiz.de/10013215320