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Persistent link: https://www.econbiz.de/10015071932
. -- Bounded rationality ; social learning ; population game ; differential game ; product life cycle ; monopoly ; competition …
Persistent link: https://www.econbiz.de/10003850650
Recently there has been much theoretical and experimental work on learning in games. However, learning usually means … learning about the strategic behavior of opponents rather than learning about the game as such. In contrast, here we report on … an experiment designed to test whether players learn a) the relevant features of the payoff structure of a 2x2 game (e …
Persistent link: https://www.econbiz.de/10011539825
This paper describes the results of simulation experiments performed on a suite of learning algorithms. We focus on … extremely asynchronous; players update their strategies at very different rates. There are many proposed learning algorithms in … information, asynchronous play, and the degree of responsiveness of the learning algorithm. …
Persistent link: https://www.econbiz.de/10011577157
economic laboratory experiment. The underlying theoretical framework relies on the modeling concepts from game theory and …
Persistent link: https://www.econbiz.de/10011299277
beliefs regarding the feasibility of the project decline. This learning requires the principal to provide rents to prevent the … inefficiently early and gives identical agents asymmetric experimentation assignments. The principal prefers to reward agents with …
Persistent link: https://www.econbiz.de/10013327131
Persistent link: https://www.econbiz.de/10012103932
How can naivete about present bias persist despite experience? To answer this question, our experiment investigates … the nature of the task at the second date further shows that learning is unencumbered by a change in environment. Our … in experimentation and a failure to activate self-regulation mechanisms. …
Persistent link: https://www.econbiz.de/10011976128
Persistent link: https://www.econbiz.de/10009374218
We consider a bandit problem faced by a team of two heterogeneous players. The team is hierarchical in that one (the principal) retains the exclusive right to terminate the project while the other (the agent) focuses strictly on implementing the project assigned to him. As a key departure, we...
Persistent link: https://www.econbiz.de/10011343543