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Persistent link: https://www.econbiz.de/10011399212
We use laboratory experiments to test for one of the foundations of the rational voter paradigm - that voters respond to probabilities of being pivotal. We exploit a setup that entails stark theoretical effects of information concerning the preference distribution (as revealed through polls) on...
Persistent link: https://www.econbiz.de/10011537285
We develop a model of learning that extends the classic models of reinforcement learning to a continuous, multidimensional strategy space. The model takes advantage of the recent approximation methods to tackle the curse of dimensionality inherent to a traditional discretization approach....
Persistent link: https://www.econbiz.de/10012890872
Institutions designed to increase turnout appeal to democratic sentiments but are highly debated as they entail two potentially countervailing effects. While generating more pieces of information, they may decrease the average voter's information quality. We examine two commonly discussed...
Persistent link: https://www.econbiz.de/10008518915
Persistent link: https://www.econbiz.de/10004980005
We modify the self-tuning Experience Weighted Attraction (EWA-lite) model of Camerer, Ho, and Chong (2007) and use it as a computer testbed to study the likely performance of a set of twostate automata in four symmetric 2 x 2 games. The model suggested allows for a richer specification of...
Persistent link: https://www.econbiz.de/10010540926
One of the fundamental problems in both economics and organization is to understand how individuals coordinate. The widely used minimum-effort coordination game has been used as a simplifed model to better understand this problem. This paper first presents some theoretical results that give...
Persistent link: https://www.econbiz.de/10009294660
We use laboratory experiments to test for one of the foundations of the rational voter paradigm - that voters respond to probabilities of being pivotal. We exploit a setup that entails stark theoretical effects of information concerning the preference distribution (as revealed through polls) on...
Persistent link: https://www.econbiz.de/10010316838
Persistent link: https://www.econbiz.de/10009816924
Online publishers sell opportunities to show ads. Some advertisers pay only if their ad elicits a user response. Publishers estimate response rates for ads in order to estimate expected revenues from showing the ads. Then publishers select ads that maximize estimated expected revenue.
Persistent link: https://www.econbiz.de/10010582612