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Mathevet, Laurent A. - In: Theoretical economics : TE ; an open access journal in … 5 (2010) 3, pp. 403-443

mechanisms that are robust to bounded rationality. This approach is a tool for constructing supermodular mechanisms, i ….e. mechanisms that induce games with strategic complementarities. In quasilinear environments, I prove that if a social choice … interval among all supermodular mechanisms. This is followed by conditions for supermodular implementability in unique …

Persistent link: https://www.econbiz.de/10011695244

Estimation of an adaptive stock market model with heterogeneous agents

Amilon, Henrik - 2005

Standard economic models based on rational expectations and homogeneity have problems explaining the complex and volatile nature of financial markets. Recently, boundedly rational and heterogeneous agent models have been developed and simulated returns are found to exhibit various stylized...

Persistent link: https://www.econbiz.de/10011583846

Errors can increase cooperation in finite populations

Zhang, Huanren - In: Games and economic behavior 107 (2018), pp. 203-219

Persistent link: https://www.econbiz.de/10011976531

Finite supermodular design with interdependent valuations

Mathevet, Laurent; Taneva, Ina - In: Games and economic behavior 82 (2013), pp. 327-349

Persistent link: https://www.econbiz.de/10010242311

Imitators and Optimizers in Cournot Oligopoly

Schipper, Burkhard - 2005

We analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round à la Vega-Redondo (1997). Optimizers play a myopic best response to the opponents' previous output....

Persistent link: https://www.econbiz.de/10010366551

Regret testing : learning to play Nash equilibrium without knowing you have an opponent

Foster, Dean P.; Young, H. Peyton - In: Theoretical economics : TE ; an open access journal in … 1 (2006) 3, pp. 341-367

A learning rule is uncoupled if a player does not condition his strategy on the opponent's payoffs. It is radically uncoupled if a player does not condition his strategy on the opponent's actions or payoffs. We demonstrate a family of simple, radically uncoupled learning rules whose...

Persistent link: https://www.econbiz.de/10011702986

Public statistics and private experience : varying feedback information in a take-or-pass game

Danz, David; Huck, Steffen; Jehiel, Philippe - 2015

We study how subjects in an experiment use different forms of public information about their opponents' past behavior. In the absence of public information, subjects appear to use rather detailed statistics summarizing their private experiences. If they have additional public information, they...

Persistent link: https://www.econbiz.de/10011437784

The two-person Harvard game : an experimental analysis

Apesteguia, Jose - 2001

Two subjects have to repeatedly choose between two alternatives, A and B, where payoffs of an A or B-choice depend on the choices made by both players in a number of previous choices. Locally, alternative A gives always more payoff than alternative B. However, in terms of overall payoffs...

Persistent link: https://www.econbiz.de/10011539831

Learning foundation for the cursed equilibrium

Miettinen, Topi - 2008

Recent literature has questioned the existence of a learning foundation for the partially cursed equilibrium. This paper closes the gap by showing that a partially cursed equilibrium corresponds to a particular analogy-based expectation equilibrium. -- Analogy expectations ; bounded rationality...

Persistent link: https://www.econbiz.de/10003803107

A numerical analysis of the evolutionary stability of learning rules

Josephson, Jens (contributor) - 2001 - [Elektronische Ressource]

In this paper I define an evolutionary stability criterion for learning rules. Using Monte Carlo simulations, I then apply this criterion to a class of learning rules that can be represented by Camerer and Ho's (1999) model of learning. This class contains perturbed versions of reinforcement and...

Persistent link: https://www.econbiz.de/10001622441

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