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coordination and competition in a duopolistic setting. We show that disclosure always increases market efficiency but its effect on …
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collective learning. The present paper provides a summary of this research. …
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We study a dynamic game in which short-run players repeatedly play a symmetric, strictly supermodular game whose payoff depends on a fixed unknown state of nature. Each short-run player inherits the beliefs of his immediate predecessor in addition to observing the actions of the players in his...
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. Our model was designed according to the Instance-Based Learning Theory (IBLT). The two versions of the model assumed the … same cognitive principles of decision making and learning in the MEC. The only difference between the two models was the …
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