Showing 1 - 10 of 194
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the strategies of the players. The experimental subjects often...
Persistent link: https://www.econbiz.de/10009535526
learning cannot generate the kind of contribution dynamics commonly attributed to the existence of conditional cooperators. We … learning. -- voluntary contribution mechanism ; public goods experiments ; learning ; limited information ; confusion …
Persistent link: https://www.econbiz.de/10009690143
; experiment ; learning … common prior is induced, while for other distributions behavior is similar under both regimes. We also present a learning … show that this learning model accurately accounts for all main features of the data. -- common prior ; signaling …
Persistent link: https://www.econbiz.de/10003828280
We investigate the role of information feedback in rent-seeking games with two different contest structures. In the stochastic contest a contestant wins the entire rent with probability equal to her share of rent-seeking expenditures; in the deterministic contest she receives a share of the rent...
Persistent link: https://www.econbiz.de/10009618920
. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …
Persistent link: https://www.econbiz.de/10003898816
), which implements social preferences in tandem with an evolutionary learning algorithm. However, the stylized facts have …
Persistent link: https://www.econbiz.de/10011569202
This paper illustrates that least squares learning may lead to suboptimal outcomes even when the estimated function … that face different transportation costs. Firms do not know the demand structure and they apply least squares learning to … best response to the previous-period price of the other firms. This learning rule can lead to three different outcomes: a …
Persistent link: https://www.econbiz.de/10010530640
are rare. Thus, even in a world of simple learning agents, coordination behavior can take on some surprising forms. …
Persistent link: https://www.econbiz.de/10011515836
Persistent link: https://www.econbiz.de/10003048894
the effectiveness of these mechanisms in a one-shot public goods experiment. Voluntary participation has a positive effect …
Persistent link: https://www.econbiz.de/10011434271