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same cognitive principles of decision making and learning in the MEC. The only difference between the two models was the …. Our model was designed according to the Instance-Based Learning Theory (IBLT). The two versions of the model assumed the …
Persistent link: https://www.econbiz.de/10009752431
The black box method was developed as an "asocial control" to allow for payoff-based learning while eliminating social … participants can unwittingly affect the learning of other participants. Here, we test a solution to this problem in a range of … no significant differences in rates of learning between the original and the computerised black box, therefore either …
Persistent link: https://www.econbiz.de/10014418156
Predictability is a hallmark of poor-quality decision-making during competition. One source of predictability is the … strong association between current outcome and future action, as dictated by the reinforcement learning principles of win …
Persistent link: https://www.econbiz.de/10012431928
We propose a framework in order to econometrically estimate case-based learning and apply it to empirical data from … twelve 2 × 2 mixed strategy equilibria experiments. Case-based learning allows agents to explicitly incorporate information …-based learning to other learning models (reinforcement learning and self-tuned experience weighted attraction learning) while using …
Persistent link: https://www.econbiz.de/10012432206
Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 × 2 …, payoff-sampling equilibrium, and impulse balance equilibrium) which represent the long-run equilibrium of a learning process …. Secondly, we relate our results to four different learning models (impulse-matching learning, action-sampling learning, self …
Persistent link: https://www.econbiz.de/10010417115
population of poker playing agents is instantiated to play the preflop portion of Texas Hold'em poker, with learning and strategy … revision occurring over the course of the simulation. This paper aims to investigate the influence of learning dynamics on … dominant strategy when loss aversion is included in the learning model, not when winning and magnitude of win are of the only …
Persistent link: https://www.econbiz.de/10014443305
affiliation-motivated individuals engaged in game-play. The first model captures learning by motivated agents during strategic …
Persistent link: https://www.econbiz.de/10011384060
We submitted three models to the competition which were based on the I-SAW model. The models introduced four new assumptions. In the first model an adjustment process was introduced through which the tendency for exploration was higher at the beginning and decreased over time in the exploration...
Persistent link: https://www.econbiz.de/10009752428
In this paper, we provide a theoretical prediction of the way in which adaptive players behave in the long run in normal form games with strict Nash equilibria. In the model, each player assigns subjective payoff assessments to his own actions, where the assessment of each action is a weighted...
Persistent link: https://www.econbiz.de/10010240826
cooperation. We model agents’ learning when they imitate successful players over similar games, but lack any information about the …
Persistent link: https://www.econbiz.de/10012015737