We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The 'TASP … equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a …

for learning without contagion effects). We find strong evidence that the higher the probability of continuation, the …

-payoff-maximizing offer. Second, considering a range of learning theories (from optimal to boundedly rational), we explain that this is an … inherent feature of the learning task faced by the proposers, and we provide some insights into the actual learning behavior of …

cycles in the population mix. The cycle amplitude, frequency and direction are consistent with standard learning models …

follows either a reinforcement or an experience weighted attraction learning algorithm. Our experiment shows these learning … algorithms detect exploitable opportunities more sensitively than humans. Also, learning algorithms respond to detected payoff …