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economic laboratory experiment. The underlying theoretical framework relies on the modeling concepts from game theory and …
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Micro data from a dental insurance natural experiment is used to analyze why agents opt out of insurance. The purpose …. -- Asymmetric Information ; Adverse Selection ; Learning ; Health Insurance …
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certain modes of behavior due to learning by doing. This paper provides discrete-time adjustment processes for strategic games … beliefs supported by observed play in the recent past, in line with much of the literature on learning. These processes … eventually settle down in the minimal prep sets of Voorneveld (2004, 2005). -- adjustment ; learning ; minimal prep sets …
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; Evolutionary game theory ; Evolutionary Stability ; Learning in games ; Belief learning ; Reinforcement learning …In this paper I define an evolutionary stability criterion for learning rules. Using Monte Carlo simulations, I then … apply this criterion to a class of learning rules that can be represented by Camerer and Ho's (1999) model of learning. This …
Persistent link: https://www.econbiz.de/10001622441
player role, is drawn to play and chooses a pure strategy according to her personal learning rule after observing a sample … size. -- Bounded rationality ; Evolutionary game theory ; Imitation ; Better replies ; Markov chain ; Stochastic stability …
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