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Dürsch, Peter; Kolb, Albert; Oechssler, Joerg; … - 2005

We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious play, imitation, reinforcement learning, and a trial...

Persistent link: https://www.econbiz.de/10003379095

Imitation : theory and experimental evidence

Apesteguia, Jose; Huck, Steffen; Oechssler, Joerg - 2005

We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In our theoretical analysis we find that the different predictions of previous imitation models are due to different informational assumptions, not to different behavioral rules....

Persistent link: https://www.econbiz.de/10003023525

Not all inequality measures were created equal : the measurement of wealth inequality, its decompositions, and an application to European household wealth

Costa, Rita Neves; Pérez-Duarte, Sébastien - 2019

Much of the literature on inequality, both that on the theoretical features of inequality measurement and that on the … discussion of the results of empirical analysis, has preferred to focus on income inequality. This paper looks into the analysis … of wealth inequality, which can be performed by carefully adapting the techniques used in the case of income …