Showing 1 - 10 of 251
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paradigmatic instance of observational learning. There are three players, arranged in sequence, each of whom wins a fixed price if … learning ; error cascades …
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. 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/10009735336
; promotion ; firing ; contract ; experiment ; learning … three mechanisms with the appropriate distribution of prizes. We test the model's predictions in a laboratory experiment and … behavior in all mechanisms is consistent with basic directional and reinforcement learning. -- tournament ; reward ; punishment …
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algorithms. This paper describes the "evtree" package, which implements an evolutionary algorithm for learning globally optimal … similar and most of the time better results compared to the recursive algorithms "rpart" and "ctree". -- machine learning …
Persistent link: https://www.econbiz.de/10009737522
experiment with 743 subjects whether small-scale, seemingly negligible, events also affect the formation of risk preferences. In … line with a reinforcement learning model, we find that subjects who won a random lottery took significantly more risk in a … second lottery almost a year later. The same pattern emerges in another experiment with 136 subjects where the second lottery …
Persistent link: https://www.econbiz.de/10012607969
We conduct a laboratory experiment to investigate the impact of institutions and institutional choice on truth …-monetary costs when being lied to as receivers and one consisting of payoff maximizers. -- experiment ; sender-receiver games …
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