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Confusion and reinforcement learning in experimental public goods games
Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - 2009
. 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/10011343917
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Confusion and reinforcement learning in experimental public goods games
Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - 2009
. 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
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Confusion and learning in the voluntary contributions game
Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - 2012
learning cannot generate the kind of contribution dynamics commonly attributed to the existence of conditional cooperators. We … learning. -- voluntary contribution mechanism ; public goods experiments ; learning ; limited information ; confusion …
Persistent link: https://www.econbiz.de/10009690143
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Strategic experimentation with exponential bandits
Cripps, Martin; Keller, Godfrey; Rady, Sven - 2003 - This version: July 9, 2003
This paper studies a game of strategic experimentation with two-armed bandits whose risky arm might yield a payoff only after some exponentially distributed random time. Because of free-riding, there is an inefficiently low level of experimentation in any equilibrium where the players use...
Persistent link: https://www.econbiz.de/10010440933
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Bandits in the lab
Hoelzemann, Johannes; Klein, Nicolas Alexandre - In: Quantitative economics : QE ; journal of the … 12 (2021) 3, pp. 1021-1051
We experimentally implement a dynamic public-good problem, where the public good in question is the dynamically evolving information about agents' common state of the world. Subjects' behavior is consistent with free-riding because of strategic concerns. We also find that subjects adopt more...
Persistent link: https://www.econbiz.de/10012598548
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Confusion and reinforcement learning in experimental public goods games
Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - 2009
Persistent link: https://www.econbiz.de/10008657601
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Volunteering and the strategic value of ignorance
Morath, Florian - 2011
Private provision of public goods often takes place as a war of attrition: individuals wait until someone else volunteers and provides the good. After a certain time period, however, one individual may be randomly selected. If the individuals are uncertain about their cost of provision, but can...
Persistent link: https://www.econbiz.de/10009011776
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Volunteering and the strategic value of ignorance
Morath, Florian - 2010
Private provision of public goods often takes place as a war of attrition: individuals wait until someone else volunteers and provides the good. After a certain time period, however, one individual may be randomly selected. If the individuals are uncertain about their cost of provision, but can...
Persistent link: https://www.econbiz.de/10009409122
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Is Ignorance Bliss? Information Avoidance and Private Provision of Public Goods
Li, Yuanhao - 2019
Policymakers interested in increasing private provision of public goods have been attempting to improve information availability, so as to enhance individuals' ability to make socially responsible choices. Nevertheless, individuals are often observed to contribute to public goods without knowing...
Persistent link: https://www.econbiz.de/10012860410
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Volunteering and the Strategic Value of Ignorance
Morath, Florian - 2021
Private provision of public goods often takes place as a war of attrition: individuals wait until someone else volunteers and provides the good. After a certain time period, however, one individual may be randomly selected. If the individuals are uncertain about their cost of provision, but can...
Persistent link: https://www.econbiz.de/10013316020