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Multiple behavioral rules in Cournot oligopolies
Alós-Ferrer, Carlos; Ritschel, Alexander - 2019 - This version: July 2019
We show that economic decisions in strategic settings are co-determined by multiple behavioral rules. A simple model of intra-individual behavioral heterogeneity predicts testable differences depending on whether rules share a common prescription (alignment) or not (conflict), a classification...
Persistent link: https://www.econbiz.de/10012052579
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Multiple behavioral rules in Cournot oligopolies
Alós-Ferrer, Carlos; Ritschel, Alexander - 2020
players imitate successful opponents. We postulate that players sometimes rely on imitation of successful behavior, and …
Persistent link: https://www.econbiz.de/10012244618
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Multiple behavioral rules in Cournot oligopolies
Alós-Ferrer, Carlos; Ritschel, Alexander - 2020 - Revised version
players imitate successful opponents. We postulate that players sometimes rely on imitation of successful behavior, and …
Persistent link: https://www.econbiz.de/10012243082
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Multiple behavioral rules in Cournot oligopolies
Alós-Ferrer, Carlos; Ritschel, Alexander - In: Journal of economic behavior & organization : JEBO 183 (2021), pp. 250-267
Persistent link: https://www.econbiz.de/10012599892
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The Effect of Payoff Tables on Experimental Oligopoly Behavior
Gürerk, Özgür; Selten, Reinhard - Volkswirtschaftliche Fakultät, … - 2010
We explore the effects of the provision of an information-processing instrument - payoff tables - on behavior in experimental oligopolies. In one experimental setting, subjects have access to payoff tables whereas in the other setting they have not. It turns out that this minor variation in...
Persistent link: https://www.econbiz.de/10008516592
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Information and learning in oligopoly : an experiment
Bigoni, Maria; Fort, Margherita - 2013 - This version: January 4, 2013
makes markets more competitive. Reinforcement learning also plays a role, as subjects favor strategies that have yielded …
Persistent link: https://www.econbiz.de/10011730377
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Rage Against the Machines: How Subjects Learn to Play Against Computers
Dürsch, Peter; Kolb, Albert; Oechssler, Jörg; … - 2005
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/10011422135
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Rage Against the Machines: How Subjects Learn to Play Against Computers
Dürsch, Peter; Kolb, Albert; Oechssler, Jörg; … - 2005
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/10010333843
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Rage against the machines
Dürsch, Peter; Kolb, Albert; Oechssler, Joerg; … - 2005
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/10003379095
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Rage against the machines : how subjects learn to play against computers
Dürsch, Peter; Kolb, Albert; Oechssler, Joerg; … - 2005
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/10010366554