and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those …

. In a laboratory experiment we test the different theories by systematically varying information conditions. We find that …We introduce a generalized theoretical approach to study imitation models and subject the models to rigorous … experimental testing. In our theoretical analysis we find that the different predictions of previous imitation models are due to …

duopoly market with demand inertia to isolate the effect of network externalities. We find that experimental price dynamics …

The results of Ultimatum Game experiments are often quoted as evidence for the role of fairness in bargaining or in … experiment shows that average behaviour is more competitive and conflict rates are higher when subjects play against the same … of pairs of players shows that different types of players coexist in the subject pool. Whereas previous experiments found …

information and feedback so that they have to learn the nature of the game during repeated play. The results lend support to the … lack structural information, which contrasts with common notions of fairness or "manners" in ultimatum bargaining (Camerer …

In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any …

). In their duopoly game, firms can choose their quantities in one of two periods before the market clears. If a firm …

experiment reveals that the model can account for some (but not all) of the behavioral regularities. In line with recent …