. We consider a dynamic game in which firms improve both a new and a rival old technology while learning about the relative …

learning about the relative potential of both technologies. The main findings are that (i) risk considerations make incumbents …

where both risky arms are of the same type, we find that learning will be complete in any Markov perfect equilibrium if the …

own experiences about the effectiveness of the product. Individual learning generates ex post heterogeneity, which affects … the buyers' purchasing decisions, the monopolist's pricing strategy, and efficiency. When learning occurs through good … exploration. When learning occurs through bad news signals, ex post heterogeneity has no such effect, since only homogeneous …

what the payoffs would have been if she had played differently. For quantitative learning models employed in studies of low …, this omission can seriously weaken the predictive power of a learning model. We propose a novel method of using players׳ ex … resulting learning model to explain the pricing and learning behavior observed in a Bertrand market experiment. Maximum …

results are extended to a model of learning, in which type k plays a k times iterated best response the average of past play …

This note extends Wiseman [6] to more general reputation games with exogenous learning. Using Gossner's [4] relative …

trading opportunities. We characterize endogenous information acquisition and show how learning externalities affect …

decisions. This paper experimentally investigates how the decision making quality of an agent's opponent impacts learning …-by-doing (LBD) and learning-by-observing (LBO) in a 2-player strategic game. Specifically, does LBD become more effective when …