Reinforcement learning has proved quite successful in predicting subjects' adjustment behaviour in repeatedly played … simple games. However, reinforcement learning does not predict convergence to the efficient cell in the minimal information … learning rule, a modification of win-stay lose-change, does predict convergence. We perform an experiment using modern economic …

, (ii) the resulting efficiency loss, and (iii) the adjustment of the learning rule. …

This paper aims at analysing the effects of learning on the individual behaviour in an experiment that requires … apply them also in other situations) and propose new hypothesis. Learning is not only based on a mechanical repetition of …