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Chapter 9. Heterogeneous Agent Modeling: Experimental Evidence

Arifovic, Jasmina; Duffy, John - In: Handbook of computational economics : Volume 4: …, (pp. 491-540). 2018

We report on experimental evidence rationalizing the use of heterogeneous agent models. We provide compelling evidence that subjects in laboratory experiments often behave in ways that depart from the rational choice ideal. Further, these subjects' heuristic approaches often differ from one...

Persistent link: https://www.econbiz.de/10014024349

Chapter 10. Behavioral Game Theory Experiments and Modeling

Camerer, Colin F.; Ho, Teck-Hua - In: Handbook of game theory with economic applications : …, (pp. 517-573). 2015

equilibrium, retains equilibrium expectations but adds stochastic response (of which players are aware). Learning theories explain …) or foregone payoffs (model-directed learning). Finally, many studies reject the joint hypothesis of equilibrium …

Persistent link: https://www.econbiz.de/10014025449

Bargaining with Learning

Hossain, Tanjim - 2005

information about their types; that is, they do not exactly know their private valuations. We suggest a learning model according …. This shows that imperfect information and a very simple boundedly rational model of learning can circumvent the Myerson …

Persistent link: https://www.econbiz.de/10014028400