-percolating regime to a percolating regime. This drift is caused by learning-effects lowering the price of the product, or by network …

payoff-based learning models are simulated in order to understand individual learning behavior in distributed systems. Under … the serial mechanism the payoff-assessment learning model (Sarin and Vahid (1997)) provides the best fit to the data …, followed by the experience-weighted attraction learning model (Camerer and Ho (1999)), which in turn, is followed by a simple …

of evolutionary and learning processes in this game. Only the continuous best response dynamic uniquely selects the …

unknown value. A winner’s curse phenomenon arises when subjects bid too high and make losses. Learning direction theory can … quantitative predictions on the basis of learning direction theory. We also look at monotonic ladder processes. It is shown that …

In this paper we introduce four new learning models: impulse balance learning, impulse matching learning, action …-sampling learning, and payoff-sampling learning. With this models and together with the models of self- tuning EWA learning and … reinforcement learning, we conduct simulations over 12 different 2×2 games and compare the results with experimental data obtained …

decision behavior (like learning and expectation formation), reasoning, and the connection between bounded rationality and …

learning procedures. We consider the Stochastic Gradient-Algorithm as a boundedly rational learning procedure in an univariate … influence of the forecast feedback is limited the learning agents cannot destabilize the model and learn to form rational …