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This paper models the learning process of a population of randomly-rematched tabula rasa neural network agents playing randomly generated 3 × 3 normal form games of all strategic types. Evidence was found of the endogenous emergence of a similarity measure of games based on the number and types...
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In this article, we investigate the relative performance of artificial neural networks and structural models of decision theory by training 69 artificial intelligence models on a dataset of 7080 human decisions in extensive form games. The objective is to compare the predictive power of AIs that...
Persistent link: https://www.econbiz.de/10014480871
In strategic games with a unique mixed strategy equilibrium, players face both an incentive to best-respond to valuations and to act unpredictably. We developed a model of how neural circuitry represents a balance between these two incentives in the course of a decision. Choice is modelled as...
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This paper addresses the question of whether neural networks (NNs), a realistic cognitive model of human information processing, can learn to backward induce in a two-stage game with a unique subgame-perfect Nash equilibrium. The NNs were found to predict the Nash equilibrium approximately 70%...
Persistent link: https://www.econbiz.de/10014062177
I present the results of my laboratory experiment where I examine why people are generous in one-shot economic games … amount of money sent but only in a reciprocal context. The third chapter presents an experiment on punishment. I hypothesized …
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