Showing 1 - 10 of 107
In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any …
Persistent link: https://www.econbiz.de/10005062333
experiment shows that average behaviour is more competitive and conflict rates are higher when subjects play against the same …
Persistent link: https://www.econbiz.de/10005408237
The paper aims to analyze the optimal level of schooling in the presence of learning-by-doing. To achieve this … objective the paper introduces the learning-by-doing hypothesis on the Lucas model of economic growth induced by human capital …
Persistent link: https://www.econbiz.de/10005561552
methodological issues. Then the attention is focused on the relevance of the experimental method for the analysis of learning and …
Persistent link: https://www.econbiz.de/10005076658
which one can describe the learning behaviour of agents and the changes in action spaces. Using the extremely simplified …
Persistent link: https://www.econbiz.de/10005076915
Agent-based computational economics (ACE) is the computational study of economies modeled as evolving systems of autonomous interacting agents. Starting from initial conditions, specified by the modeler, the computational economy evolves over time as its constituent agents repeatedly interact...
Persistent link: https://www.econbiz.de/10005076916
An agent-based artificial financial market (AFM) is used to study market efficiency and learning in the context of the … there are many coexisting signals. Learning is introduced by considering 'copycat' traders that learn the relative values of … the different strategies in the market and copy the most successful one. We show how such learning leads to a more …
Persistent link: https://www.econbiz.de/10005077021
Multi-unit auctions are promising mechanisms for the reallocation of water. The main advantage of such auctions is to avoid the lumpy bid issue. However, there is great uncertainty about the best auction formats when multi-unit auctions are used. The theory can only supply the structural...
Persistent link: https://www.econbiz.de/10005124870
This paper aims at studying the effects of learning - seen as a possible source of individual heterogeneity - on team … strategies learned in the past, to the new situations faced. Learning processes, yet, are not based on the mechanical repetition … of the same choices (participants to this experiment proved, for example, in fact, to be able to imitate and replicate …
Persistent link: https://www.econbiz.de/10005125572
This paper aims to analyze and exemplify some methodological implications on the way to conduct experiments related to the adoption of a cognitive approach in Economics. Many differences arise in relation to a more traditional way. In fact cognitive economics has strong descriptive attention and...
Persistent link: https://www.econbiz.de/10005125579