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In standard rational choice modelling decisions are made according to given information and preferences. In the model presented here the 'information technology' of individual decision makers as well as their preferences evolve in a dynamic process. In this process decisions are made rationally...
Persistent link: https://www.econbiz.de/10009578580
Does cooperating require the inhibition of selfish urges? Or does “rational” self-interest constrain cooperative impulses? I investigated the role of intuition and deliberation in cooperation by meta-analyzing 67 studies in which cognitive-processing manipulations were applied to economic...
Persistent link: https://www.econbiz.de/10012991568
Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning … interpreted as steady-state of both a discovery and learning process. …
Persistent link: https://www.econbiz.de/10012509154
In the dictator game, the recipient's opportunity to send a message to the dictator increases giving. This paperreports two experimentswhich study how the timing of messages affects dictators' decisions (experiment 1) and which value recipients attach to communication opportunities (experiment...
Persistent link: https://www.econbiz.de/10010361495
In the dictator game, the recipient's opportunity to send a message to the dictator increases giving. This paperreports two experimentswhich study how the timing of messages affects dictators' decisions (experiment 1) and which value recipients attach to communication opportunities (experiment...
Persistent link: https://www.econbiz.de/10011671666
equilibrium of the game does not organize the individual data, two individual learning models are studied: one following a … predictive value of such learning models is found to be poor. …
Persistent link: https://www.econbiz.de/10011538855
learning processes exhibited by players. …
Persistent link: https://www.econbiz.de/10011539831
common prior is induced, while for other distributions behavior is similar under both regimes. We also present a learning … show that this learning model accurately accounts for all main features of the data. -- common prior ; signaling … ; experiment ; learning …
Persistent link: https://www.econbiz.de/10003828280
certain modes of behavior due to learning by doing. This paper provides discrete-time adjustment processes for strategic games … beliefs supported by observed play in the recent past, in line with much of the literature on learning. These processes … eventually settle down in the minimal prep sets of Voorneveld (2004, 2005). -- adjustment ; learning ; minimal prep sets …
Persistent link: https://www.econbiz.de/10002640702
several well-known learning processes in the minority game with an arbitrary odd number of players. Interestingly, different … learning processes provide considerably different predictions …
Persistent link: https://www.econbiz.de/10012729173