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are in the dark about others' actions and the payoff structure.  This paper analyzes learning behavior in such 'black box … we study voluntary contributions games.  We identify two robust features of the players' learning dynamics: search …
Persistent link: https://www.econbiz.de/10011158994
Veiling among Muslim women is modelled as a form of cultural resistance which inhibits the transmission of secular values.  Individuals care about opinions of their community members and use veiling to influence these options.  Our theory predicts that veiling is highest when individuals from...
Persistent link: https://www.econbiz.de/10008494399
performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small … with a volatile environment where the noise is large. Subjects exert significantly more effort in the volatile environment …
Persistent link: https://www.econbiz.de/10005144498
a complicated and non-intuitive mixed strategy equilibrium.  We argue that standard models of belief-based learning and … reinforcement learning are unable to explain the data, but that a simple model of similarity-based global cumulative imitation can … three other games.  The theoretical properties of the proposed learning model are studied by means of stochastic …
Persistent link: https://www.econbiz.de/10011085123
We propose a simple payoff-based learning rule that is completely decentralized, and that leads to an efficient … control of wind farms.  The proof of the proposed learning algorithm relies on the theory of large deviations for perturbed …
Persistent link: https://www.econbiz.de/10009190182
other, and can delay their decision. Subjects acted rationally, gaining from observational learning, despite penalties for …
Persistent link: https://www.econbiz.de/10010605219
Stochastic learning models provide sharp predictions about equilibrium selection when the noise level of the learning … process is taken to zero.  The difficulty is that, when the noise is extremely small, it can take an extremely long time for a … locally in small close-knit groups; in this case convergence can be rapid for small noise and an arbitrarily large population …
Persistent link: https://www.econbiz.de/10009320946
The diffusion of an innovation can be represented by a process in which agents choose perturbed best responses to what their neighbors are currently doing.  Diffusion is said to be fast if the expected waiting time until the innovation spreads widely is bounded above independently of the size...
Persistent link: https://www.econbiz.de/10011004149
repeated game, in the rational learning model introduced there, must eventually resemble play of exact equilibria, and not just …
Persistent link: https://www.econbiz.de/10011004368
results in finite games. It is shown that they do for a class of finite games with weak learning provided that limits are …
Persistent link: https://www.econbiz.de/10010604827