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EXPERIMENTATION AND LEARNING IN LABORATORY EXPERIMENTS: HARRISON'S CRITICISM REVISITED
Merlo, Antonio; Schotter, Andrew - C.V. Starr Center for Applied Economics, Department of … - 1990
Persistent link: https://www.econbiz.de/10005826746
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Testing the TASP: An Experimental Investigation of Learning in Games with Unstable Equilibria
Cason, Timothy N.; Friedman, Daniel UC; Hopkins, Ed - Scottish Institute for Research in Economics (SIRE) - 2009
equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a … fourth strategy, Dumb. Nash equilibrium places a weight of 1/2 on Dumb in both games, but the TASP places no weight on Dumb …
Persistent link: https://www.econbiz.de/10010552413
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QRE, NSNX and the Paradox of Voting
Margolis, Howard - In: Journal of Theoretical Politics 20 (2008) 4, pp. 443-460
Levine and Palfrey's QRE account of turnout in large elections raises the broader question of how much of a departure from standard rational choice theory is justified by the considerable repertoire of rational choice anomalies that has accumulated since Downs and Olson half a century ago. An...
Persistent link: https://www.econbiz.de/10010778022
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A classroom game to teach the principles of money and banking
Hoffer, Adam - In: Cogent Economics & Finance 3 (2015) 1, pp. 1-13
This paper describes how to implement and run a game for teaching the principles of money and banking to an undergraduate economics class. The game primarily deals with the market for loanable funds, but numerous extensions are provided to cover topics such as monetary policy, the tools of the...
Persistent link: https://www.econbiz.de/10011559177
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Least Unmatched Price Auctions: A First Approach
Eichberger, Jürgen; Vinogradov, Dmitri - 2008
Least-Unmatched Price Auctions have become a popular format of TV and radio shows. Increasingly, they are also applied in internet trading. In these auctions the lowest single (unique) bid wins. We analyze the game-theoretic solution of least unmatched price auctions when prize, bidding cost and...
Persistent link: https://www.econbiz.de/10011422186
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Testing the TASP: An Experimental Investigation of Learning in Games with Unstable Equilibria
Cason, Timothy N.; Friedman, Daniel; Hopkins, Ed H - Economics Department, University of California-Santa … - 2009
equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a … fourth strategy, Dumb. Nash equilibrium places a weight of 1/2 on Dumb in both games, but the TASP places no weight on Dumb …
Persistent link: https://www.econbiz.de/10010536324
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Games and Discrimination: Lessons From the Weakest Link
Antonovics, Kate; Arcidiacono, Peter; Walsh, Randall - Department of Economics, University of California-San … - 2003
Empirically determining whether wage differentials arise because of discrimination is extremely difficult, and distinguishing between different theories of discrimination is harder still. This paper exploits a number of unique features of a high-stakes television game show to determine which...
Persistent link: https://www.econbiz.de/10010536373
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Testing the TASP: An experimental investigation of learning in games with unstable equilibria
Cason, Timothy N.; Friedman, Daniel; Hopkins, Ed - 2009
equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a … fourth strategy, Dumb. Nash equilibrium places a weight of 1/2 on Dumb in both games, but the TASP places no weight on Dumb …
Persistent link: https://www.econbiz.de/10010288137
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Testing the TASP: An Experimental Investigation of Learning in Games with Unstable Equilibria
Cason, Timothy N.; Friedman, Daniel; Hopkins, Ed - School of Economics, University of Edinburgh - 2009
equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a … fourth strategy, Dumb. Nash equilibrium places a weight of 1/2 on Dumb in both games, but the TASP places no weight on Dumb …
Persistent link: https://www.econbiz.de/10005750758
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Testing the TASP: An Experimental Investigation of Learning in Games with Unstable Equilibria
Cason, Timothy N.; Friedman, Daniel; Hopkins, Ed - Krannert School of Management, Purdue University - 2010
strategy, Dumb. The unique Nash equilibrium places a weight of 1/2 on Dumb in both games, but in one game the NE is stable …
Persistent link: https://www.econbiz.de/10008531900