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Learning and noisy equilibrium behaviour in an experimental study of imperfect price competition
Capra, C. Monica (contributor) - In: International economic review 43 (2002) 3, pp. 613-636
Persistent link: https://www.econbiz.de/10001696338
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Learning and Noisy Equilibrium Behavior in an Experimental Study of Imperfect Price Competition
Capra, C. Monica; Goeree, Jacob K.; Gomez, Rosario; … - 2003
We consider a duopoly pricing game with a unique Bertrand-Nash equilibrium. The high-price firm has a nonvanishing …
Persistent link: https://www.econbiz.de/10014111531
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Rage against the machines
Dürsch, Peter; Kolb, Albert; Oechssler, Joerg; … - 2005
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 play, imitation, reinforcement learning, and a trial...
Persistent link: https://www.econbiz.de/10003379095
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The effect of experience in Cournot play
Ferreira García, José Luis; Kujal, Praveen; Rassenti, … - 2010
Persistent link: https://www.econbiz.de/10009525648
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Rage against the machines : how subjects learn to play against computers
Dürsch, Peter; Kolb, Albert; Oechssler, Joerg; … - 2005
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 play, imitation, reinforcement learning, and a trial...
Persistent link: https://www.econbiz.de/10010366554
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Rage against the machines : how subjects learn to play against computers
Dürsch, Peter; Kolb, Albert; Oechssler, Joerg; … - 2005
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 play, imitation, reinforcement learning, and a trial...
Persistent link: https://www.econbiz.de/10003185745
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Rage against the machines : how subjects learn to play against computers
Schipper, Burkhard; Dursch, Peter; Kolb, Albert; … - 2005
Persistent link: https://www.econbiz.de/10003230734
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Learning to play Cournot duopoly strategies
Cox, James C. - In: Journal of economic behavior & organization : JEBO 36 (1998) 2, pp. 141-161
Persistent link: https://www.econbiz.de/10001248740
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Rage Against the Machines : How Subjects Learn to Play Against Computers
Dürsch, Peter; Kolb, Albert; Oechssler, Joerg; … - 2015
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 play, imitation, reinforcement learning, and a trial...
Persistent link: https://www.econbiz.de/10014061547
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Learning through period and physical time
Backhaus, Teresa; Huck, Steffen; Leutgeb, Johannes Josef; … - 2022
We demonstrate in a laboratory experiment in which subjects play a two-player Cournot-Tullock game over hundreds of periods of varying length that full accounts of subjects' learning requires the consideration of, both, 'period time' and 'physical time.'
Persistent link: https://www.econbiz.de/10013326949