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We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The 'TASP …
Persistent link: https://www.econbiz.de/10010288137
(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/10010262760
willingness to pay. Experiments, extended over 200 periods, were run with 3, 4, and 5 participants. Subjects did not receive any …
Persistent link: https://www.econbiz.de/10010270575
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
We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The “TASP … theory, although the frequency of Dumb is substantially greater than zero in the unstable treatments. -- Games ; experiments …
Persistent link: https://www.econbiz.de/10003921539
We study learning in finitely repeated 2x2 normal form games, when players have incomplete information about their opponents' payoffs. In a laboratory experiment we investigate whether players (a) learn the game they are playing, (b) learn to predict the behavior of their opponent, and (c) learn...
Persistent link: https://www.econbiz.de/10014066426
This paper studies fictitious play in networks of noncooperative two-person games. We show that continuous … functions do not possess the continuous-time fictitious-play property. As extensions, we consider networks in which each … zero-sum networks. Applications include security games, conflict networks, and decentralized wireless channel selection. …
Persistent link: https://www.econbiz.de/10012018918
This paper studies fictitious play in networks of noncooperative two-player games. We show that continuous …-play property. As an extension, we consider networks in which each bilateral game is strategically zero-sum, a weighted potential …, which entails a generalization of Robinson's theorem to arbitrary zero-sum networks. Applications include security games …
Persistent link: https://www.econbiz.de/10011571263
In many experiments, the Nash equilibrium concept seems not to predict well. One reason may be that players have non …
Persistent link: https://www.econbiz.de/10011644480
experiments of revealing only the winning bid after each auction. By means of learning direction theory we explain the individual …
Persistent link: https://www.econbiz.de/10010263057