study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills … losses from high bids are more salient than in SPAs. Experience in FPAs causes substantial cross-game learning for … bid shading by cognitively more able participants, resulting in lower profits in FPAs. Thus, cross-game learning has the …

decision rules, and that only a quarter of them decide according to the toss of a fair coin. Reinforcement learning is the most …

decision rules, and that only a quarter of them decide according to the toss of a fair coin. Reinforcement learning is the most … ; Mixed strategy ; Learning models ; Experiments …

Bidding challenges learning theories, since with the same bid, experiences vary stochastically: the same choice can … experienced-weighted attraction model. Our experimental results suggest that individual learning dynamics are highly heterogeneous …

shows that agents' learning and the dynamics of the economy are heavily affected by central bank transparency about its … policy rule. A central bank that does not communicate its rule can induce 'learning equilibria' in which the economy …

We examine learning behavior in auctions and Fair division games with independent private values under two different … than single bids. This allows us to examine whether learning is influenced by the structural differences between games. We … find that within the time horizon which we investigate, learning does not drive toward risk neutral equilibrium bidding and …

other learnable 'global' equilibria such as cycles and sunspots. Moreover, under learning dynamics, the economy can fall …