Showing 1 - 10 of 58
number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …
Persistent link: https://www.econbiz.de/10005407609
While many learning models have been proposed in the game theoretic literature to track individuals’ behavior … learning models in light of a laboratory experiment on responsiveness in a lowinformation dynamic game subject to changes in … its underlying structure. While history-dependent reinforcement learning models track convergence of play well in repeated …
Persistent link: https://www.econbiz.de/10005062390
purification with recent results from the rational learning literature. …
Persistent link: https://www.econbiz.de/10005407541
of evolutionary and learning processes in this game. Only the continuous best response dynamic uniquely selects the … Stackelberg outcome under noise. All other dynamics analyzed allow for the Cournot equilibrium to be selected. In typical cases … Cournot is the unique long run outcome even for vanishing noise in the signal. …
Persistent link: https://www.econbiz.de/10005550927
Earlier experiments have shown that under little information subjects are hardly able to coordinate even though there …, (ii) the resulting efficiency loss, and (iii) the adjustment of the learning rule. …
Persistent link: https://www.econbiz.de/10005407575
The growing literature on learning in games has produced various results on the predictive success of learning theories … four games in order to check on the robustness of rankings among learning rules across measures. We characterise measures … apply all thus defined measures to 12 learning rules. The results show that rankings are indeed sensitive to the measure …
Persistent link: https://www.econbiz.de/10005408228
The results of Ultimatum Game experiments are often quoted as evidence for the role of fairness in bargaining or in … of pairs of players shows that different types of players coexist in the subject pool. Whereas previous experiments found …
Persistent link: https://www.econbiz.de/10005408237
We analyze the problem of coordinating upon asymmetric equilibria in a symmetric game, such as the battle-of-the-sexes. In repeated interaction, asymmetric coordination is possible possible via symmetric repeated game strategies. This requires that players randomize initially and adopt a...
Persistent link: https://www.econbiz.de/10005407601
It is well-known in evolutionary game theory that population clustering in Prisoner Dilemma games allows some cooperative strategies to invade populations of stable defecting strategies. We adapt this idea of population clustering to a two-person trust game. Players are typed based on their...
Persistent link: https://www.econbiz.de/10005125594
Our study concerns bargaining behavior in situations where one party is in a stronger position than the other. We investigate both the tradeoff the favored party makes between pursuing his strategic advantage and giving weight to other players' concern for fairness, and the tradeoff the...
Persistent link: https://www.econbiz.de/10005556668