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future choices. These considerations motivate a rich research programme on how social networks shape individual and … collective learning. The present paper provides a summary of this research. …
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This paper addresses the role of affect and emotions in shaping the behavior of responders in the ultimatum game. A huge amount of research shows that players do not behave in an economically rational way in the ultimatum game, and emotional mechanisms have been proposed as a possible...
Persistent link: https://www.econbiz.de/10009752858
reinforcement learning models than with belief-based models. Showing level-2 rationality (i.e., reasoning about others' beliefs) is … egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co … process level to the validity of modeling behavior using low-rationality reinforcement learning models. …
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structures and capacities that a modern effective state, capable of a strong and persistent, but learning and adapting …
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This work presents experimental results on a coordination game in which agents must repeatedly choose between two sides … show that, at the aggregate level a quite remarkable degree of coordination is achieved. Moreover providing players with …
Persistent link: https://www.econbiz.de/10001690378