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Persistent link: https://www.econbiz.de/10002533391
How well do various learning models predict the dynamics of the population distribution of play in a variety of games? We measure and compare the in-sample and out-of-sample prediction performance of seven action-reinforcement learning models as well as Rule Learning for symmetric normal-form...
Persistent link: https://www.econbiz.de/10014084420
We test the population rule learning model for symmetric normal-form games, and strongly reject: (i) no rule learning, (ii) no diversity, and (iii) no sophisticated evidence. Further, trembles and herd behavior decline and level-2 behavior increases over time
Persistent link: https://www.econbiz.de/10014084426