We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In … our theoretical analysis we find that the different predictions of previous imitation models are due to different … laboratory experiment we test the different theories by systematically varying information conditions. We find significant …

The paper presents the concept of an imitation equilibrium and explores it in the context of some simple oligopoly … be suitable for imitation for various reasons. Only one of the most successful of the remaining members of the reference … group is imitated. Imitation is the adoption of the imitated player's strategy. Imitation equilibrium does not only mean …

We introduce a generalized theoretical approach to study imitation models and subject themodels to rigorous … experimental testing. In our theoretical analysis we find that the differentpredictions of previous imitation models are due to …. In alaboratory experiment we test the different theories by systematically varying informationconditions. We find that …

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 …

We explore the stability of imitation in a 1,200-period experimental Cournot game where subjects do not know the payoff …

competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment we employ three information treatments …

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 …

by a draw from an Ellsberg urn. In a within-subject experiment, subjects make decisions in three different bargaining …