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Persistent link: https://www.econbiz.de/10010405028
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the strategies of the players. The experimental subjects often...
Persistent link: https://www.econbiz.de/10009535526
Persistent link: https://www.econbiz.de/10012183715
In this paper, we investigate how technology has contributed to experimental economics in the past and illustrate how … experimental economics can contribute to technological progress in the future. We argue that with machine learning (ML) a new … technology is at hand, where for the first time experimental economics can contribute to enabling substantial improvement of …
Persistent link: https://www.econbiz.de/10014317961
We utilize a laboratory experiment to compare effort provision under optimal tournament contracts with different …
Persistent link: https://www.econbiz.de/10011337036
learning process of individuals with different preference types (more and less pro-social) and coarse information regarding the … opponent's past behavior. We manipulate the quality of information feedbacks provided after each play. If subjects rely only on … earlier nodes due to prediction errors. Aggregate information release decreases heterogeneity of behavior by increasing the …
Persistent link: https://www.econbiz.de/10011326679
and punishment. We test the model s predictions in a laboratory experiment and find that the combination of reward and … reinforcement learning. …
Persistent link: https://www.econbiz.de/10010340563
We study how subjects in an experiment use different forms of public information about their opponents' past behavior …. In the absence of public information, subjects appear to use rather detailed statistics summarizing their private … experiences. If they have additional public information, they make use of this information even if it is less precise than their …
Persistent link: https://www.econbiz.de/10011437784
Persistent link: https://www.econbiz.de/10013177007
study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills … losses from high bids are more salient than in SPAs. Experience in FPAs causes substantial cross-game learning for … bid shading by cognitively more able participants, resulting in lower profits in FPAs. Thus, cross-game learning has the …
Persistent link: https://www.econbiz.de/10012668312