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We study behavior in repeated interactions when agents have no information about the structure of the underlying game … and they cannot observe other agents' actions or payoffs. Theory shows that even when players have no such information …, simple payoff-based learning rules eventually lead to equilibrium. Such rules have previously been documented for some forms …
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disagreement regardless of cognitive ability. Learning about the state of the world has little effect on the evolution of perceived … disagreement when controlling for cognitive ability. Providing subjects with information about their partner's cognitive ability …
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Most learning in the workplace occurs outside of formal learning environments—it happens informally, “in the field.” In … this review, we share what is known about how such informal field-based learning (IFBL) works, offer guidance on how to … promote healthy IFBL, and identify future research needs. We first situate IFBL within the broader stream of the learning …
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correlation across players. For each information structure, we define a simple learning efficiency index, which only considers the … higher learning efficiency index lead to better equilibrium outcomes, robustly for a rich class of games and objective … functions. We discuss implications of our results for constrained information design in games and for the question when …
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tenure. The option value generated by the acquisition of more information is key to understanding firm dynamics as the … trade, but their effectiveness crucially depends on the speed of learning. …
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