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data from coordination games. The analysis shows that the model fits the data well as it matches the key stylized facts. It … suggests a trade-off of using coarser versus finer representations of the strategy set when it comes to learning. …
Persistent link: https://www.econbiz.de/10012602347
Persistent link: https://www.econbiz.de/10013185165
data from coordination games. The analysis shows that the model fits the data well as it matches the key stylized facts. It … suggests a trade-off of using coarser versus finer representations of the strategy set when it comes to learning. …
Persistent link: https://www.econbiz.de/10013254716
data from coordination games. The analysis shows that the model fits the data well as it matches the key stylized facts. It … suggests a trade-off of using coarser versus finer representations of the strategy set when it comes to learning. …
Persistent link: https://www.econbiz.de/10012604978
used to make predictions about unobservable attributes in new situations. We first show that coarse categorization may be …
Persistent link: https://www.econbiz.de/10010353550
We consider a co-evolutionary model of social coordination and network formation where agents may decide on an action … in a 2x2 - coordination game and on whom to establish costly links to. We find that a payoff dominant convention is …
Persistent link: https://www.econbiz.de/10010341151
are rare. Thus, even in a world of simple learning agents, coordination behavior can take on some surprising forms. …In a coordination game such as the Battle of the Sexes, agents can condition their plays on external signals that can …
Persistent link: https://www.econbiz.de/10011515836
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/10010366554
Understanding whether preferences are sensitive to the frame has been a major topic of debate in the last decades. For example, several works have explored whether the dictator game in the give frame gives rise to a different rate of pro-sociality than the same game in the take frame, leading to...
Persistent link: https://www.econbiz.de/10014113704
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 à la Vega-Redondo (1997). Optimizers play a myopic best response to the opponents' previous output....
Persistent link: https://www.econbiz.de/10010366551