The effect of incomplete information on the term structure of interest rates is examined in the framework of a pure … Interest Rates ; Incomplete Information …

provide information about other subjects' choices. There we find no false consensus effect. At an aggregate level, subjects … not provide information. …

In a model with private information of the worker about her ability and unobservable effort choice, the role of public … information rent if the employment exchange is inefficient and the employer chooses not to use the private agency. -- principal …

In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any … knowledge of the payoff functions players increase, respectively decrease, their quantity by one unit as long as this leads to …

alone can only provide a very rough information on individual updating behavior. Therefore, we implement a BDM mechanism …

In standard rational choice modelling decisions are made according to given information and preferences. In the model … presented here the 'information technology' of individual decision makers as well as their preferences evolve in a dynamic …

sequencing structure of game types, game rules do matter, and directional learning theory offers a partial explanation for bid …We examine learning behavior in auctions and Fair division games with independent private values under two different … than single bids. This allows us to examine whether learning is influenced by the structural differences between games. We …