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and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those …
Persistent link: https://www.econbiz.de/10005407609
This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism …
Persistent link: https://www.econbiz.de/10005408220
This paper studies the role of memory and communication in games between ongoing organizations. In each organization, each individual, upon entry into the game, replaces his predecessor who has the same preferences and faces the same strategic possibilities. Entry across distinct organizations...
Persistent link: https://www.econbiz.de/10005550938
We present a general model of two players contest with two types of efforts. Contrary to the classical models of contest, where each player chooses a unique effort, and where the outcome depends on the efforts of all the players, contestants are allowed to reduce the effort of the opponent....
Persistent link: https://www.econbiz.de/10005560971
This paper develops a positive analysis of stable group formation, highlighting the role of conflict management within groups. The analysis is based on a model of sequential conflict, starting with a "winner- take-all" contest for control of some resource. When a group forms, members pool their...
Persistent link: https://www.econbiz.de/10005125868
This paper develops a positive analysis of alliance formation that builds on a simple economic model featuring a “winner-take-all” contest for control of some resource. When an alliance forms, members pool their efforts in that contest and,if successful, apply the resource to a joint...
Persistent link: https://www.econbiz.de/10005126004
For groups that must make several decisions of similar form, we define a simple and general mechanism that is designed to promote social efficiency. The mechanism links the various decisions by forcing agents to budget their representations of preferences so that the frequency of preferences...
Persistent link: https://www.econbiz.de/10005077065
Our study concerns bargaining behavior in situations where one party is in a stronger position than the other. We investigate both the tradeoff the favored party makes between pursuing his strategic advantage and giving weight to other players' concern for fairness, and the tradeoff the...
Persistent link: https://www.econbiz.de/10005556668
We perform a further experiment to check the robustness of the main result in Rey Biel (2005) to sequential play. We …
Persistent link: https://www.econbiz.de/10005556675
experiment reveals that the model can account for some (but not all) of the behavioral regularities. In line with recent …
Persistent link: https://www.econbiz.de/10005556687