Showing 1 - 10 of 60
are in the dark about others' actions and the payoff structure.  This paper analyzes learning behavior in such 'black box … we study voluntary contributions games.  We identify two robust features of the players' learning dynamics: search …
Persistent link: https://www.econbiz.de/10011158994
We conduct a field experiment to investigate employers' trust in workers.  A sample of real entrepreneurs and workers from urban Ghana are respectively assigned to the roles of employers and employees.  Employers have the option to hire (trust) an employee, who can in turn choose whether to...
Persistent link: https://www.econbiz.de/10011159006
a complicated and non-intuitive mixed strategy equilibrium.  We argue that standard models of belief-based learning and … reinforcement learning are unable to explain the data, but that a simple model of similarity-based global cumulative imitation can … three other games.  The theoretical properties of the proposed learning model are studied by means of stochastic …
Persistent link: https://www.econbiz.de/10011085123
This paper studies learning in monotone Bayesian games with one-dimensional types and finitely many actions. Players … switch between actions at a set of thresholds.  A learning algorithm under which players adjust their strategies in the …
Persistent link: https://www.econbiz.de/10011115589
History offers many examples of dictators who worsened their behavior significantly over time (like Zimbabwe's Robert Mugabe), while there are also cases of dictators who have displayed remarkable improvements (like Jerry Rawlings of Ghana).  We show that such mutations can result from rational...
Persistent link: https://www.econbiz.de/10011004292
.  We propose a completely uncoupled learning process that selects a subset of the core of the game with a natural equity …
Persistent link: https://www.econbiz.de/10011004342
learning based on level-k reasoning.  We find a systematic positive relationship between cognitive ability and levels … ability to that of character skills, and find that both cognition and personality affect behavior and learning.  More …
Persistent link: https://www.econbiz.de/10011004460
.  This may be a reason why some notable policy experiments were implemented by non-accountable regimes (cf. Chile and China …
Persistent link: https://www.econbiz.de/10011004471
People believe that, even in very large samples, proportions of binary signals might depart significantly from the population mean.  We model this "non-belief in the Law of Large Numbers" by assuming that a person believes that proportions in any given sample might be determined by a rate...
Persistent link: https://www.econbiz.de/10011004478
This paper considers a simple adaptive learning rule in Bayesian games where players employ threshold strategies …
Persistent link: https://www.econbiz.de/10005047697