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more learning content: asymmetric information, brand loyalty, market share dominance, exit gains through liquidation …. Economic principles are contrasted with classroom game outcomes. Findings indicate better learning outcomes through specific …-to-general strategy sequence, rather than general-to-specific strategy sequence. Cumulative learning is key, within a certain sequence of …
Persistent link: https://www.econbiz.de/10014031849
We analyze households' responses to an unanticipated change in consumption opportunities and evaluate their implications for the nature and formation of preferences. We study the tariff experiment conducted by South Central Bell where local telephone tariffs were introduced for the first time in...
Persistent link: https://www.econbiz.de/10014107895
We study learning in finitely repeated 2x2 normal form games, when players have incomplete information about their … results show that the success in learning the opponent's type depends on the characteristics of the true game. The learning … equilibrium and we observe no correlation between equilibrium play and learning about the game …
Persistent link: https://www.econbiz.de/10014066426
Persistent link: https://www.econbiz.de/10014470625
Persistent link: https://www.econbiz.de/10014417947
experimental design which allows us to test a series of related hypotheses. We fail to find support for the conjectured learning …
Persistent link: https://www.econbiz.de/10014186422
learning transfers to new games. Current theories of learning model learning as adjustment in behavior in response to feedback … about outcomes and payoffs and largely ignore the possibility that learning may take place in the absence of such feedback … feedback between plays of the game. However, this previous work demonstrates this "no-feedback" learning using a special game …
Persistent link: https://www.econbiz.de/10014087372
We study the impact of communication on behavior in a two-stage coordination game with asymmetric payoffs. We test experimentally whether individuals can avoid a head-to-head confrontation by means of coordinated strategies. In particular we analyze whether and how quickly a conflict-avoidance...
Persistent link: https://www.econbiz.de/10010502689
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/10010317639
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/10004968350