Showing 1 - 10 of 6,338
dynamics considerably differ between gain and loss domains. For gains, learning to be comparably ambiguity averse increases the …
Persistent link: https://www.econbiz.de/10010364762
-control available for persevering later. Automatic decisions follow a reinforcement-based process, while controlled ones are utility …
Persistent link: https://www.econbiz.de/10010337837
play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …
Persistent link: https://www.econbiz.de/10010366554
play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …
Persistent link: https://www.econbiz.de/10003379095
results are extended to a model of learning, in which type k plays a k times iterated best response the average of past play … Reasoning ; Evolution ; Learning ; Level-k ; Fictitious Play ; Cognitive Hierarchy …
Persistent link: https://www.econbiz.de/10003963449
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
We experimentally investigate the determinants of overconfidence and test the hypothesis, advanced by Robert Trivers, that overconfidence serves to more effectively persuade or deceive others. After performing a cognitively challenging task, half of our subjects are informed about the...
Persistent link: https://www.econbiz.de/10011441641
We show that a one-off incentive to bias advice has a persistent effect on advisers' own actions and their future recommendations. In an experiment, advisers obtained information about a set of three differently risky investment options to advise less informed clients. The riskiest option was...
Persistent link: https://www.econbiz.de/10011483653
Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utilityconsequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...
Persistent link: https://www.econbiz.de/10011523747
Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...
Persistent link: https://www.econbiz.de/10011528156