Showing 1 - 10 of 287
Persistent link: https://www.econbiz.de/10000971378
Persistent link: https://www.econbiz.de/10000993261
Persistent link: https://www.econbiz.de/10000955625
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 …
Persistent link: https://www.econbiz.de/10002570047
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 …
Persistent link: https://www.econbiz.de/10002640702
; 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 …
Persistent link: https://www.econbiz.de/10001622442
This paper investigates why subjects in laboratory experiments on quantity precommitment games consistently choose capacities above the Cournot level - the subgame-perfect equilibrium. We argue that this puzzling regularity may be attributed to players' perceptions of their opponents' skill or...
Persistent link: https://www.econbiz.de/10001913808
Persistent link: https://www.econbiz.de/10000995305
Persistent link: https://www.econbiz.de/10000987476