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 …

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 …