Blume, A.; DeJong, D.V.; Neumann, G.R.; Savin, N.E. - Department of Economics, Tippie College of Business - 1998
Stimulus-response (SR) and belief-based learning (BBL) models are estimated with experimental data from sender-receiver games and compared using the Davidson and MacKinnon P-test for non-nested hypotheses. Depending on a certain adjustment parameter, the P-test favors the SR model, the BBL model...
