beliefs regarding the feasibility of the project decline. This learning requires the principal to provide rents to prevent the … inefficiently early and gives identical agents asymmetric experimentation assignments. The principal prefers to reward agents with …

and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious …

players modify their behavior. We conducted a repeated ultimatum game experiment with random strangers, in which one treatment …

-of-thumb?approximation to optimal behavior by trial-and-error methods as Friedman (1953) proposed long ago We find that such individual learning …

equilibrium dynamics resulting from this learning process helps to explain the main stylized facts of free-floating exchange rates … the number of agents (not more than about 1000). With a larger population, this collective learning dynamics looses its … Hauptinteresse geht dahin, herauszufinden, ob die Gleichgewichtsdynamik, die aus diesem Lernprozess resultiert, dabei helfen kann …

equilibrium dynamics resulting from this learning process helps to explain the main stylized facts of free-floating exchange rates …) and the number of agents (not more than about 1000). With a larger population, this collective learning dynamics looses …

under private agent learning can in some cases be stable when the observed sunspot has a suitable time series structure. In …