number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …

number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …

strategy relative to more traditional learning dynamics, and establish that, paradoxically, when sellers are strategic, the …

In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any …

understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …

We study mediated many-to-many matching in markets in which valuations evolve over time as the result of shocks …, learning through experimentation, or a preference for variety. The analysis uncovers the key tradeoffs that platforms face in … the design of their matching protocols. It shows that the dynamics that maximize either the platform's profits or welfare …

We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The 'TASP … 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 …

, like 2x2 games, Cournot duopoly, price competition, rent seeking, public goods games, common pool resource games, minimum …