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 …

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. …

This experiment was designed to test various learning theories in the context of a Cournot oligopoly. We derive … theoretical predictions for the learning theories and test these predictions by varying the information given to subjects. The …

iteration of the same game along the lines suggested by anticipatory learning models. …

examine the sensitivity of this result to the ability of people to observe others' choices. Our experiments are set in a …