Showing 1 - 10 of 863
We examine rational learning among expert chess players and how they update their beliefs in repeated games with the … intelligent, productive and equipped with adequate data and specialized computer programs, we find large learning effects …
Persistent link: https://www.econbiz.de/10013121916
This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual … a priori information. The econometrics hinges on a model built upon Experience Weighted Attraction learning, and the … simultaneous analysis of data on the information gathered and on actions taken by the subjects. Results suggest that learning is a …
Persistent link: https://www.econbiz.de/10013088340
feedback as the main driving force of learning to play strategically and to form beliefs that accurately predict the behavior …
Persistent link: https://www.econbiz.de/10013325045
of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment ….To understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …
Persistent link: https://www.econbiz.de/10013052550
Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in environments where signals about others' actions are noisy. However, empirically the exact role of communication is not well understood. We study cooperation under different monitoring...
Persistent link: https://www.econbiz.de/10012908872
Efficiency under contractual incompleteness often requires voluntary cooperation in situations where self-regarding incentives for contractual compliance are present as well. Here we provide a comprehensive experimental analysis based on the gift-exchange game of how explicit and implicit...
Persistent link: https://www.econbiz.de/10013123592
We show how to bound the effect of belief-dependent preferences on choices in sequential two-player games without … common to preferences in this class. We illustrate our approach by analyzing data from a large scale experiment conducted … with a sample of participants randomly drawn from the Dutch population. We find that behavior of players in the experiment …
Persistent link: https://www.econbiz.de/10013120421
beliefs with experience are central to understanding behavior and learning in the IRPD. Beliefs strongly predict cooperation …
Persistent link: https://www.econbiz.de/10014078209
behavior in repeated games. We study the Prisoners' Dilemma (PD) and Battle of Sexes (BoS) as they cover a large set of the … interesting scenarios generated by repeated games of two actions two players symmetric stage games. Furthermore, in order to …
Persistent link: https://www.econbiz.de/10014080121
educational phone application, an internet data subsidy, and one-on-one phone learning support. We find that offering an … acting as a signal or nudge. These behavioral changes result in lasting learning gains concentrated among richer households … usage of the targeted educational service limits parental behavioral responses. This implies that learning gains in these …
Persistent link: https://www.econbiz.de/10014076387