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An Evolutionary Analysis of Bagwell's Example

Oechssler, Jorg; Schlag, Karl - EconWPA - 1997

In a recent paper Bagwell (1995) pointed out that only the Cournot outcome, but not the Stackelberg outcome, can be supported by a pure Nash equilibrium when actions of the Stackelberg leader are observed with the slightest error. The Stackelberg outcome, however, remains close to the outcome of...

Persistent link: https://www.econbiz.de/10005550927

Economic Growth with Imperfect Protection of Intellectual Property Rights

Horii, Ryo; Iwaisako, Tatsuro - EconWPA - 2005

growth. Stronger IPR protection, which reduces the probability of imitation, raises the reward for innovation. However …

Persistent link: https://www.econbiz.de/10005555997

Imitation - Theory and Experimental Evidence

Apesteguia, Jose; Huck, Steffen; Oechssler, Jorg - EconWPA - 2003

We introduce a generalized theoretical approach to study imitation models and subject the models to rigorous … experimental testing. In our theoretical analysis we find that the different predictions of previous imitation models are due to …. In a laboratory experiment we test the different theories by systematically varying information conditions. We find that …

Persistent link: https://www.econbiz.de/10005125578

Rage Against the Machines: How Subjects Learn to Play Against Computers

Duersch, Peter; Kolb, Albert; Oechssler, Joerg; … - EconWPA - 2005

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

Learning in Cournot Oligopoly - An Experiment

Huck, Steffen; Normann, Hans-Theo; Oechssler, Joerg - EconWPA - 1997

This experiment was designed to test various learning theories in the context of a Cournot oligopoly. We derive …

Persistent link: https://www.econbiz.de/10005118660

Why Lying Pays: Truth Bias in the Communication with Conflicting Interests

Kawagoe, Toshiji; Takizawa, Hirokazu - EconWPA - 2005

We conduct experiments of a cheap-talk game with incomplete information in which one sender type has an incentive to misrepresent her type. Although that Sender type mostly lies in the experiments, the Receiver tends to believe the Sender's messages. This confirms ``truth bias'' reported in...

Persistent link: https://www.econbiz.de/10005556670

Hide and Seek in Arizona

Rosenthal, Robert W.; Shachat, Jason; Walker, Mark - EconWPA - 2003

Laboratory subjects repeatedly played one of two variations of a simple two-person zero-sum game of ``hide and seek.'' Three puzzling departures from the prescriptions of equilibrium theory are found in the data: an asymmetry related to the player's role in the game; an asymmetry across the game...

Persistent link: https://www.econbiz.de/10005125561

Simulating a Multiproduct Barter Exchange Economy

Levy, Daniel; Bergen, Mark - EconWPA - 2005

We describe a multiproduct barter trading experiment in which students exchange real goods in an open market based on … their own personal preference. The experiment is designed for simulating a pure exchange market in order to demonstrate the …

Persistent link: https://www.econbiz.de/10005125577

A Laboratory Experiment of Knowledge Diffusion Dynamics

Morone, Piergiuseppe; Taylor, Richard - EconWPA - 2004

This paper aims to study, by means of a laboratory experiment and a simulation model, some of the mechanisms which …

Persistent link: https://www.econbiz.de/10005125585

CONSUMER SEARCH: NOT ENOUGH OR TOO MUCH?

Zwick, Rami; Rapoport, Amnon; Lo, Alison King Chung; … - EconWPA - 2001

We study search behavior in a generalized "secretary problem" environment in which consumers search sequentially for the best alternative from a known and finite set of multi-attribute alternatives. In contrast to most previous studies, we make no distributional assumptions about the quality of...

Persistent link: https://www.econbiz.de/10005408222