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Rage against the machines : how subjects learn to play against computers
Dürsch, Peter; Kolb, Albert; Oechssler, Joerg; … - 2005
number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …
Persistent link: https://www.econbiz.de/10010366554
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Rage against the machines
Dürsch, Peter; Kolb, Albert; Oechssler, Joerg; … - 2005
number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …
Persistent link: https://www.econbiz.de/10003379095
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Pure saddle points and symmetric relative payoff games
Dürsch, Peter; Oechssler, Joerg; Schipper, Burkhard - 2010
It is well known that the rock-paper-scissors game has no pure saddle point. We show that this holds more generally: A symmetric two-player zero-sum game has a pure saddle point if and only if it is not a generalized rock-paper-scissors game. Moreover, we show that every finite symmetric...
Persistent link: https://www.econbiz.de/10003943572
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Pure saddle points and symmetric relative payoff games
Dürsch, Peter; Oechssler, Joerg; Schipper, Burkhard - 2010
It is well known that the rock-paper-scissors game has no pure saddle point. We show that this holds more generally: A symmetric two-player zero-sum game has a pure saddle point if and only if it is not a generalized rock-paper-scissors game. Moreover, we show that every finite symmetric...
Persistent link: https://www.econbiz.de/10003949630
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The impact of naive advice and observational learning in beauty-contest games
Kocher, Martin; Sutter, Matthias; Wakolbinger, Florian - 2007
We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naive advice outperform uninformed subjects permanently, whereas...
Persistent link: https://www.econbiz.de/10010293382
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Group polarization in the team dictator game reconsidered
Luhan, Wolfgang J.; Kocher, Martin; Sutter, Matthias - 2007
While most papers on team decision-making find that teams behave more selfishly, less trustingly and less altruistically than individuals, Cason and Mui (1997) report that teams are more altruistic than individuals in a dictator game. Using a within-subjects design we re-examine group...
Persistent link: https://www.econbiz.de/10010293433
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Group polarization in the team dictator game reconsidered
Luhan, Wolfgang J.; Kocher, Martin; Sutter, Matthias - 2006 - This version: 8 August 2006
While most papers_new on team decision-making find teams to behave more selfish, less trusting and less altruistic than individuals, Cason and Mui (1997) report that teams are more altruistic than individuals in a dictator game. Using a within-subjects design we re-examine group polarization by...
Persistent link: https://www.econbiz.de/10011349704
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The impact of naïve advice and observational learning in beauty-contest games
Kocher, Martin; Sutter, Matthias; Wakolbinger, Florian - 2007 - This version: January 24, 2007
We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice outperform uninformed subjects permanently, whereas...
Persistent link: https://www.econbiz.de/10011350357
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Experimental "beauty contests" with homogeneous and heterogeneous players and with interior and boundary equilibria
Güth, Werner; Kocher, Martin; Sutter, Matthias - 2001
interior equilibria and homogeneous players. -- beauty contest experiments ; individual behavior …
Persistent link: https://www.econbiz.de/10009614296
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The impact of naive advice and observational learning in beauty-contest games
Kocher, Martin; Sutter, Matthias; Wakolbinger, Florian - 2007 - This version: January 24, 2007
failing to make the most out of observing others. -- social learning ; advice ; observational learning ; beauty-contest game …
Persistent link: https://www.econbiz.de/10009728176