Güth, Werner; Ivanova-Stenzel, Radosveta; Königstein, … - 1999
find that within the time horizon which we investigate, learning does not drive toward risk neutral equilibrium bidding and … characterize some features of observed learning: Bid functions are adjusted globally rather than locally, decision time matches the … sequencing structure of game types, game rules do matter, and directional learning theory offers a partial explanation for bid …