Narrow search
Showing 1 - 10 of 100,416
Cover Image
Confusion and reinforcement learning in experimental public goods games
Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - 2009
. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …
Persistent link: https://www.econbiz.de/10011343917
Cover Image
Confusion and reinforcement learning in experimental public goods games
Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - 2009
. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …
Persistent link: https://www.econbiz.de/10009735336
Cover Image
Confusion and learning in the voluntary contributions game
Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - 2012
learning cannot generate the kind of contribution dynamics commonly attributed to the existence of conditional cooperators. We … learning. -- voluntary contribution mechanism ; public goods experiments ; learning ; limited information ; confusion …
Persistent link: https://www.econbiz.de/10009690143
Cover Image
Strategic experimentation with exponential bandits
Cripps, Martin; Keller, Godfrey; Rady, Sven - 2003 - This version: July 9, 2003
This paper studies a game of strategic experimentation with two-armed bandits whose risky arm might yield a payoff only after some exponentially distributed random time. Because of free-riding, there is an inefficiently low level of experimentation in any equilibrium where the players use...
Persistent link: https://www.econbiz.de/10010440933
Cover Image
Confusion and Reinforcement Learning in Experimental Public Goods Games
Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - 2009
. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …
Persistent link: https://www.econbiz.de/10010294798
Cover Image
Confusion and reinforcement learning in experimental public goods games
Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - 2009
. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …
Persistent link: https://www.econbiz.de/10010277497
Cover Image
Bandits in the lab
Hoelzemann, Johannes; Klein, Nicolas Alexandre - In: Quantitative economics : QE ; journal of the … 12 (2021) 3, pp. 1021-1051
We experimentally implement a dynamic public-good problem, where the public good in question is the dynamically evolving information about agents' common state of the world. Subjects' behavior is consistent with free-riding because of strategic concerns. We also find that subjects adopt more...
Persistent link: https://www.econbiz.de/10012598548
Cover Image
Confusion and reinforcement learning in experimental public goods games
Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - 2009
Persistent link: https://www.econbiz.de/10008657601
Cover Image
Volunteering and the strategic value of ignorance
Morath, Florian - 2011
Private provision of public goods often takes place as a war of attrition: individuals wait until someone else volunteers and provides the good. After a certain time period, however, one individual may be randomly selected. If the individuals are uncertain about their cost of provision, but can...
Persistent link: https://www.econbiz.de/10009011776
Cover Image
Volunteering and the strategic value of ignorance
Morath, Florian - 2010
Private provision of public goods often takes place as a war of attrition: individuals wait until someone else volunteers and provides the good. After a certain time period, however, one individual may be randomly selected. If the individuals are uncertain about their cost of provision, but can...
Persistent link: https://www.econbiz.de/10009409122