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Persistent link: https://www.econbiz.de/10005785040
We analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round a l`a Vega-Redondo (1997). Optimizers play a myopic best response to the opponents’ previous...
Persistent link: https://www.econbiz.de/10005785827
number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …
Persistent link: https://www.econbiz.de/10005785934
extended by a theory of cultural learning in which individual selection plays an important role. In doing so, we offer a more …
Persistent link: https://www.econbiz.de/10005786081
I report results of an experiment designed to study the relation between the process of information search and learning … in a Cournot oligopoly, with limited a priori information. Different theories of learning have been applied to this … learning model actually followed by the subjects, and the relation between the information they gather and the market behavior …
Persistent link: https://www.econbiz.de/10005786735
'human intelligence' or the human brain. Thus, understanding the factors that determine the diffusion of new technologies …. Inevitably, this is the critical condition for the sustainability of the emergent e-learning platforms and digital networks in …
Persistent link: https://www.econbiz.de/10005787174
-way technology transfer to reciprocal learning and capacity building; and a reassessment of the forms and locations of the "centres …
Persistent link: https://www.econbiz.de/10005754429
learning (DOP) and compare it two limiting cases---certainty equivalence policy (CEP) and cautionary policy (CP). It turns out …
Persistent link: https://www.econbiz.de/10005755117
all stylized facts observed in aggregate price fluctuations and individual forecasting behaviour in recent learning to …
Persistent link: https://www.econbiz.de/10005755154
We analyze simple adaptive learning processes to model the evolution of effective communication in cheap-talk games … with initially meaningless signals. We suggest that learning rules may be sensitive to the information available to players … at the population level. As a consequence, learning outcomes may depend on this information. We show that more …
Persistent link: https://www.econbiz.de/10005755343