Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - Institut für Finanzwissenschaft, Fakultät für … - 2009
We use a limited information environment to mimic the state of confusion in an experimental, repeated public goods game …. 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 …