-play learning makes preference rankings consistent. Pre-play learning denotes ex-ante lottery learning, where subjects observe … playing lotteries before making decisions. We find that pre-play learning makes the average selling prices for the p-bet, of … subjects who choose the p-bet, higher than their average selling prices for the $-bet. However, pre-play learning is not strong …

Game theory has been employed traditionally as a modeling tool for describing and influencing behavior in societal … systems. Recently, game theory has emerged as a valuable tool for controlling or prescribing behavior in distributed … partial information about each other and the state of the world. Accordingly, there is extensive work in game theory that is …