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We run a laboratory experiment with a two-person game with unique pure Nash equilibrium which is also the solution of the iterative elimination of strictly dominated strategies. The subjects are asked to commit to a device that randomly picks one of three symmetric outcomes in this game...
Persistent link: https://www.econbiz.de/10011962034
(strict) Nash networks in the 1-way flow model but a negative impact in the 2-way flow model. In our discussion on possible …
Persistent link: https://www.econbiz.de/10013320016
This paper presents a theoretical model of noisy introspection designed to explain behavior in games played only once. The equilibrium determines layers of beliefs about others' beliefs about ..., etc., but allows for surprises by relaxing the equilibrium requirement that belief distributions...
Persistent link: https://www.econbiz.de/10005802011
We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious play, imitation, reinforcement learning, and a trial...
Persistent link: https://www.econbiz.de/10010366554
It is commonly assumed that friendship should decrease strategic uncertainty in games involving tacit coordination …. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and …
Persistent link: https://www.econbiz.de/10011660682
. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and …. Friendship thus appears to have a very different impact on coordination games involving strategic complements and substitutes. We …
Persistent link: https://www.econbiz.de/10011817934
We study a coordination game among agents on a network, who choose whether or not to take an action in an uncertain … equilibrium partitions (coordination sets) and thresholds using the primitives of the model. We show that there is a single … coordination set if and only if the network is balanced, i.e., the average degree of each subnetwork is no larger than the average …
Persistent link: https://www.econbiz.de/10012900481
, but rather in terms of how to act with any given partner. There is a form of contingent cooperation in one-shot prisoners … fear payoff difference is less than the sum of greed and cooperation payoff differences. The adaptive capabilities just …-players' equilibrium probability of cooperating changes: depending on the relative size of fear, greed, and cooperation payoff differences …
Persistent link: https://www.econbiz.de/10010296971
, but rather in terms of how to act with any given partner. There is a form of contingent cooperation in one-shot prisoners … fear payoff difference is less than the sum of greed and cooperation payoff differences. The adaptive capabilities just …-players' equilibrium probability of cooperating changes: depending on the relative size of fear, greed, and cooperation payoff differences …
Persistent link: https://www.econbiz.de/10010296972
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our …
Persistent link: https://www.econbiz.de/10013295651