learning strategy will be used, because each performs better when it is less popular. Despite that, clustering may occur if … players choose their learning strategy on the basis of largely similar information. Finally, on average players will play Hawk …

The novelty of our model is to combine models of collective action on networks with models of social learning. Agents …

Different theories of expectation formation and learning usually yield different outcomes for realized market prices in … dynamic models. The purpose of this paper is to investigate expectation formation and learning in a controlled experimental …

We study a model of collective decision making with endogenous information collection.Agents collect information about … decision is made. The reason for this result is that communicationmay aggravate the free-rider problem associated with …

works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …

We investigate learning in a repeated bank choice game, where agents first choose a bank to deposit in and then decide … withdraw early. We use an individual evolutionary learning algorithm to model under which circumstances and with which beliefs … agents can learn the Nash equilibrium in the repeated game and compare the results to an experiment. We find subjects …

successful firm,following the exemplary firm, andbelief learning.Theoretically, these three rules of dynamic conduct lead to the … competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment we employ three information treatments …