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decision heuristics. Central to our survey is the question under which conditions a complex macro-system of interacting agents …
Persistent link: https://www.econbiz.de/10011929804
We study how subjects in an experiment use different forms of public information about their opponents' past behavior …
Persistent link: https://www.econbiz.de/10011437784
-level reasoning in later rounds of the experiments. Participants display difficulties in transferring learning to unravel in a game … with two quality levels compared to a game with four quality levels. There is weak evidence for learning higher …
Persistent link: https://www.econbiz.de/10011811807
Persistent link: https://www.econbiz.de/10011723474
Recently there has been much theoretical and experimental work on learning in games. However, learning usually means … learning about the strategic behavior of opponents rather than learning about the game as such. In contrast, here we report on … an experiment designed to test whether players learn a) the relevant features of the payoff structure of a 2x2 game (e …
Persistent link: https://www.econbiz.de/10011539825
How can naivete about present bias persist despite experience? To answer this question, our experiment investigates … the nature of the task at the second date further shows that learning is unencumbered by a change in environment. Our …
Persistent link: https://www.econbiz.de/10011976128
Persistent link: https://www.econbiz.de/10003623551
trend-following rule, based upon their relative performance. We also discuss learning-to-forecast laboratory experiments …We discuss recent work on bounded rationality and learning in relation to Soros' principle of reflexivity and stress …
Persistent link: https://www.econbiz.de/10013061695
Persistent link: https://www.econbiz.de/10010191020
We implement multi-sender cheap talk in the laboratory. While full-information transmission is not theoretically feasible in the standard one-sender-one- dimension model, in this setting with more senders and dimensions, full revelation is generically a robust equilibrium outcome. Our...
Persistent link: https://www.econbiz.de/10011798907