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Learning, forecasting and optimizing : an experimental study

Te, Bao; Duffy, John; Hommes, Cars H. - 2012

Persistent link: https://www.econbiz.de/10010191021

Cognitive ability, character skills, and learning to play equilibrium : a level-k analysis

Gill, David; Prowse, Victoria L. - 2014

understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …

Persistent link: https://www.econbiz.de/10010364492

Communication-enhancing vagueness

Wood, Daniel H. - In: Games 13 (2022) 4, pp. 1-27

I experimentally investigate how vague language changes the nature of communication in a biased strategic information transmission game. Counterintuitively, when both precise and imprecise messages can be sent, in aggregate, senders are more accurate, and receivers trust them more than when only...

Persistent link: https://www.econbiz.de/10013367782

Belief formation in a signalling game without common prior : an experiment

Possajennikov, Alexandre - 2012

Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the strategies of the players. The experimental subjects often...

Persistent link: https://www.econbiz.de/10009535526

Variety aversion and information overload: An experimental approach

Kaiser, Karen - 2011

This paper analyzes the effect of information overload on preference or aversion for variety. According to the model, a rational decision maker who suffers from information overload, faces a two-stage decision process, and is choosing from a set of unknown goods will find it optimal at some...

Persistent link: https://www.econbiz.de/10010322601

Preferences-Dependent Learning in the Centipede Game

Gamba, Astrid - 2015

learning process of individuals with different preference types (more and less pro-social) and coarse information regarding the …

Persistent link: https://www.econbiz.de/10013014085

On the Behavior of Proposers in Ultimatum Games

Brenner, Thomas; Vriend, Nicolaas J. - 2003

-payoff-maximizing offer. Second, considering a range of learning theories (from optimal to boundedly rational), we explain that this is an … inherent feature of the learning task faced by the proposers, and we provide some insights into the actual learning behavior of …

Persistent link: https://www.econbiz.de/10014075019

Sequential Decision Making : How Prior Choices Affect Subsequent Valuations

Ofek, Elie; Yildiz, Muhamet; Haruvy, Ernan - 2003

This paper develops and tests a model of sequential decision making where a first stage of ranking a set of alternatives is followed by a second stage of determining the value of these same alternatives. The model assumes a boundedly rational Bayesian decision maker who is uncertain about...

Persistent link: https://www.econbiz.de/10014101839

Variety Aversion and Information Overload: An Experimental Approach

Kaiser, Karen - Banco de México - 2011

Persistent link: https://www.econbiz.de/10009023315

From self-fulfilling mistakes to behavioral learning equilibria

Hommes, Cars H. - 2017

This essay links some of my own work on expectations, learning and bounded rationality to the inspiring ideas of Jean …-Michel Grandmont. In particular, my work on consistent expectations and behavioral learning equilibria may be seen as formalizations of … JMG's ideas of self-fulfilling mistakes. Some of our learning-to-forecast laboratory experiments with human subjects have …

Persistent link: https://www.econbiz.de/10011590425

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