Recent literature shows that learning in oligopoly games might in the long run result in the Cournot or in the Walras … equilibrium. Which outcome is achieved seems to depend on the underlying learning dynamics. This paper analyzes the forces behind … the learning mechanisms determining the long run outcome. Apart from the fact that there is a difference between social …

organizational culture fosters the process of learning and competence building and works as a glue between people and the …

estimation of the parameters in an auxiliary model. The learning scheme employed by the agents belongs to the class of stochastic …

common prior is induced, while for other distributions behavior is similar under both regimes. We also present a learning … show that this learning model accurately accounts for all main features of the data. …

. 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 …

How do people learn? We assess, in a distribution-free manner, subjects' learning and choice rules in dynamic two …-armed bandit (probabilistic reversal learning) experiments. To aid in identification and estimation, we use auxiliary measures of … subjects' beliefs, in the form of their eye-movements during the experiment. Our estimated choice probabilities and learning …

certain modes of behavior due to learning by doing. This paper provides discrete-time adjustment processes for strategic games … beliefs supported by observed play in the recent past, in line with much of the literature on learning. These processes …