Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10010843043
We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The “TASP … equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a …
Persistent link: https://www.econbiz.de/10010552413
We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The “TASP … equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a …
Persistent link: https://www.econbiz.de/10005750758
We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The “TASP … equilibrium under a wide class of learning processes. We study two versions of Rock-Paper-Scissors with the addition of a fourth …
Persistent link: https://www.econbiz.de/10008531900
This paper applies recent advances in the theory of learning to the analysis of consumer behaviour in a dynamic duopoly … constrast is made between belief-based and reinforcement/familiarity-based learning. In the latter case, consumers can be locked … steady states in which one firm dominates. In contrast, belief-based learning rules must lead asymptotically to correct …
Persistent link: https://www.econbiz.de/10005147121
games learning fails to converge to any equilibrium, either in terms of marginal frequencies or of average play. Subjects … equilibrium of one game is predicted to be stable under learning, the other unstable, provided payoffs are sufficiently high. We …
Persistent link: https://www.econbiz.de/10005101118