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There is increasing evidence that collective behavior, such as social choice, price dynamics, and strategic behavior, is related to nonlinear dynamics and thus has the potential for instability and complex behavior. This paper presents experimental results where subjects are placed in a...
Persistent link: https://www.econbiz.de/10005739897
The study of learning in games encompasses two research lines: (1) explaining the aggregate stability of classes of games when players use inductive reasoning, and (2) explaining the learning rules used by actual players. We mix approaches by considering both stability and learning rules in...
Persistent link: https://www.econbiz.de/10005739901