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Algorithmic Cooperation
Kasberger, Bernhard; Martin, Simon; Normann, Hans-Theo; … - 2024
Algorithms play an increasingly important role in economic situations. These situations are often strategic, where the artificial intelligence may or may not be cooperative. We study the deter-minants and forms of algorithmic cooperation in the infinitely repeated prisoner's dilemma. We run a...
Persistent link: https://www.econbiz.de/10014574289
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Adaptive Social Learning
March, Christoph - 2016
The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly … interact in social-learning settings with distinct information structures. In each round of interaction, they use their … behavior in the long-run if and only if individuals distinguish social-learning settings and receive rich feedback after each …
Persistent link: https://www.econbiz.de/10011451405
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Intelligence Disclosure and Cooperation in Repeated Interactions
Lambrecht, Marco; Proto, Eugenio; Rustichini, Aldo; … - 2021
We investigate in a laboratory setting whether revealing information on intelligence affects behavior in games with repeated interactions. In our experimental design we communicate information on the cognitive ability of both players. We use three stage games: Prisoners’ Dilemma (PD) and two...
Persistent link: https://www.econbiz.de/10012799672
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Non-Common Priors, Incentives, and Promotions: The Role of Learning
Fahn, Matthias; Klein, Nicolas - 2023
decreases over time and learning exacerbates his exploitation, unless he has been revealed to be talented. Therefore, the …
Persistent link: https://www.econbiz.de/10014377455
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Intelligence Disclosure and Cooperation in Repeated Interactions
Lambrecht, Marco; Proto, Eugenio; Rustichini, Aldo; … - 2021
We investigate in a laboratory setting whether revealing information on intelligence affects behavior in games with repeated interactions. In our experimental design we communicate information on the cognitive ability of both players. We use three stage games: Prisoners’ Dilemma (PD) and two...
Persistent link: https://www.econbiz.de/10013322849
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Non-Common Priors, Incentives, and Promotions : The Role of Learning
Fahn, Matthias; Klein, Nicolas - 2023
decreases over time and learning exacerbates his exploitation, unless he has been revealed to be talented. Therefore, the …
Persistent link: https://www.econbiz.de/10014347990
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Compliance Dynamics Generated by Social Interaction Rules
Lipatov, Vilen - 2014
We study compliance dynamics generated by a large set of behavioral rules describing social interaction in a population of agents facing an enforcement authority. When the authority adjusts the auditing probability every period, cycling in cheating-auditing occurs: Intensive monitoring induces...
Persistent link: https://www.econbiz.de/10010352407
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Learning about One's Self
Le Yaouanq, Yves; Schwardmann, Peter - 2019
the nature of the task at the second date further shows that learning is unencumbered by a change in environment. Our …
Persistent link: https://www.econbiz.de/10012018146
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It's not my Fault! Self-Confidence and Experimentation
Hestermann, Nina; Le Yaouanq, Yves - 2019
We study the inference and experimentation problem of an agent in a situation where the outcomes depend on the individual’s intrinsic ability and on an external variable. We analyze the mistakes made by decision-makers who hold inaccurate prior beliefs about their ability. Overconfident...
Persistent link: https://www.econbiz.de/10012018192
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Optimal monetary policy when agents are learning
Molnár, Krisztina; Santoro, Sergio - 2010
We derive the optimal monetary policy in a sticky price model when private agents follow adaptive learning. We show … order to facilitate private sector learning and thus ease the future intratemporal inflation-output gap trade-offs. The … policy recommendation is robust: the welfare loss entailed by the optimal policy under learning if the private sector …
Persistent link: https://www.econbiz.de/10010271452