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Evans, George W.; Honkapohja, Seppo - In: Handbook of macroeconomics : volume 1, part A, (pp. 449-542). 1999

under learning as a SRA (stochastic recursive algorithm) and to analyze convergence by the method of stochastic …

Persistent link: https://www.econbiz.de/10014024243

Strategic choice of price-setting algorithms

Buchali, Katrin; Grüb, Jens; Muijs, Matthias; … - 2023

both firms employ the identical price-setting algorithm based on Q-learning. Thus, the question arises whether the … underlying assumption that both firms employ a Q-learning algorithm can be supported as an equilibrium in a game where firms can … chose between different pricing rules. Our simulations show that when both firms use a learning algorithm, the outcome is …

Persistent link: https://www.econbiz.de/10013534374

Learning to coordinate : co-evolution and correlated equilibrium

Lee-Penagos, Alejandro - 2016

, in theory, lead to a Correlated Equilibrium that can improve the overall payoffs of the agents. Here we explore whether …

Persistent link: https://www.econbiz.de/10011515836

Observational Learning and Information Disclosure in Search Markets

Fan, Ziying; Weng, Xi; Zhou, Li‐An; Zhou, Yiyi - 2021

This paper studies the role of observational learning in search markets where buyers do not take the list price as a take-it-or-leave-it offer. Using a unique data from the Beijing housing market, we estimate a structural model in which buyers infer a seller’s reservation value from the...

Persistent link: https://www.econbiz.de/10013221437

Search, Learning and Tracking

Preuß, Marcel - 2021

I study the implications of preference uncertainty in a consumer search environment with and without tracking. Consumers encounter information that is predictive about their type while searching. Depending on what con- sumers learn, they stop searching without a purchase and before sampling all...

Persistent link: https://www.econbiz.de/10013234412

Learning Algorithms and Discrimination

Packin, Nizan Geslevich; Lev Aretz, Yafit - 2018

In most accounts of Artificial Intelligence (AI), humans are pitted against the machines, and concerns about relative physical and mental strength populate the discussion. There are, however, numerous processes and shifts that AI stimulates within the human context that are equally essential to...

Persistent link: https://www.econbiz.de/10014114377

A Learning Algorithm Based on Experts' Opinions

Papayiannis, Georgios - 2016

The problem of efficient management of the information provided by many sources or equivalently of the aggregation of various models concerning a situation is considered. Such problems arise very often in decision making where the issue of modeling of the random factors introducing uncertainty...

Persistent link: https://www.econbiz.de/10013004749