Showing 1 - 10 of 1,337
This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual … makes markets more competitive. Reinforcement learning also plays a role, as subjects favor strategies that have yielded … a priori information. The econometrics hinges on a model built upon Experience Weighted Attraction learning, and the …
Persistent link: https://www.econbiz.de/10010291432
This paper studies the effect of endogenous group formation on the outcome in two types of coordination games with multiple Pareto-ranked equilibria. Endogenous group formation means that in each period players are free to choose among two or more groups within which they want to play the...
Persistent link: https://www.econbiz.de/10010267615
We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …
Persistent link: https://www.econbiz.de/10010269696
This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual … makes markets more competitive. Reinforcement learning also plays a role, as subjects favor strategies that have yielded … a priori information. The econometrics hinges on a model built upon Experience Weighted Attraction learning, and the …
Persistent link: https://www.econbiz.de/10010704409
. In our laboratory experiment, we establish the existence of a significant efficiency premium of uniform wages. However …
Persistent link: https://www.econbiz.de/10010282462
This paper studies the effect of endogenous group formation on the outcome in two types of coordination games with multiple Pareto-ranked equilibria. Endogenous group formation means that in each period players are free to choose among two or more groups within which they want to play the...
Persistent link: https://www.econbiz.de/10005761696
We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …
Persistent link: https://www.econbiz.de/10008480923
. In our laboratory experiment, we establish the existence of a significant efficiency premium of uniform wages. However …
Persistent link: https://www.econbiz.de/10011279270
We present an economic experiment on network formation, in which subjects can decide to form links to one another …. Direct links are costly but being connected is valuable. The gametheoretic basis for our experiment is the model of Bala and … the 1-way flow model but fails largely in the 2-way flow model. We observe a strong learning dynamic in the 1-way flow …
Persistent link: https://www.econbiz.de/10010262760
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/10005822932