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This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual …
Persistent link: https://www.econbiz.de/10011730377
subjects switch from imitation of the most profitable rival to other behavior that, intentionally or otherwise, facilitates …-shot game. Our results suggest a new explanation for the emergence of cooperation. -- Cournot oligopoly ; imitation ; learning …
Persistent link: https://www.econbiz.de/10009580852
We explore the stability of imitation in a 1,200-period experimental Cournot game where subjects do not know the payoff …
Persistent link: https://www.econbiz.de/10010194591
competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment we employ three information treatments …
Persistent link: https://www.econbiz.de/10010371113
subjects switch from imitation of the most profitable rival to other behavior that, intentionally or otherwise, facilitates …-shot game. Our results suggest a new explanation for the emergence of cooperation. -- Cournot oligopoly ; imitation ; learning …
Persistent link: https://www.econbiz.de/10009583743
This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual … higher profits in the past. -- information ; imitation ; Cournot oligopoly ; EWA learning …
Persistent link: https://www.econbiz.de/10009683019
and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those …
Persistent link: https://www.econbiz.de/10010263153
and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those …
Persistent link: https://www.econbiz.de/10010366554
and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those …
Persistent link: https://www.econbiz.de/10003379095
beaten by any other decision rule. We provide necessary and sufficient conditions for imitation to be unbeatable and show … effort coordination games, arms race, search, bargaining, etc., imitation cannot be beaten by much even by a very clever …
Persistent link: https://www.econbiz.de/10003943571