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We consider two players facing identical discrete-time bandit problems with a safe and a risky arm. In any period, the risky arm yields either a success or a failure, and the first success reveals the risky arm to dominate the safe one. When payoffs are public information, the ensuing free-rider...
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-- Behavioral game theory -- Behavioral models of learning -- Emotions -- Bounded rationality -- Behavioral welfare economics … students. Authoritative, cutting edge, yet accessible, it guides the reader through theory and evidence, providing engaging and …
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