We report an experiment on a decision task by SAMUELSON and BAZERMAN (1985). Subjects submit a bid for an item with an … unknown value. A winner s curse phenomenon arises when subjects bid too high and make losses. Learning direction theory can … quantitative predictions on the basis of learning direction theory. We also look at monotonic ladder processes. It is shown that …

In this paper we introduce four new learning models: impulse balance learning, impulse matching learning, action …-sampling learning, and payof-sampling learning. With this models and together with the models of self-tuning EWA learning and … reinforcement learning, we conduct simulations over 12 different 2 x 2 games and compare the results with experimental data obtained …

In this paper, we introduce two new learning models: impulse-matching learning and action-sampling learning. These two … models together with the models of self-tuning EWA and reinforcement learning are applied to 12 different 2 x 2 games and … are two-fold: while the simulations with impulse-matching and action-sampling learning successfully replicate the …

In this paper, we introduce two new learning models: impulse-matching learning and action-sampling learning. These two … models together with the models of self-tuning EWA and reinforcement learning are applied to 12 different 2 x 2 games and … are two-fold: while the simulations with impulse-matching and action-sampling learning successfully replicate the …