Showing 1 - 10 of 1,838
organizational culture fosters the process of learning and competence building and works as a glue between people and the …
Persistent link: https://www.econbiz.de/10010292543
. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …
Persistent link: https://www.econbiz.de/10010277497
. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …
Persistent link: https://www.econbiz.de/10010294798
Recent literature shows that learning in oligopoly games might in the long run result in the Cournot or in the Walras … equilibrium. Which outcome is achieved seems to depend on the underlying learning dynamics. This paper analyzes the forces behind … the learning mechanisms determining the long run outcome. Apart from the fact that there is a difference between social …
Persistent link: https://www.econbiz.de/10010317627
Recent literature has questioned the existence of a learning foundation for the partially cursed equilibrium. This …
Persistent link: https://www.econbiz.de/10010266678
In this paper we introduce four new learning models: impulse balance learning, impulse matching learning, action …-sampling learning, and payoff-sampling learning. With this models and together with the models of self- tuning EWA learning and … reinforcement learning, we conduct simulations over 12 different 2×2 games and compare the results with experimental data obtained …
Persistent link: https://www.econbiz.de/10010270025
We consider a simple dynamic model of environmental taxation that exhibits time inconsistency. There are two categories of firms, Believers, who take the tax announcements made by the Regulator to face value, and Non-Believers, who perfectly anticipate the Regulator's decisions, albeit at a...
Persistent link: https://www.econbiz.de/10011325007
We show that for many classes of symmetric two-player games, the simple decision rule "imitate-the-best" can hardly be beaten by any other decision rule. We provide necessary and sufficient conditions for imitation to be unbeatable and show that it can only be beaten by much in games that are of...
Persistent link: https://www.econbiz.de/10011422207
We show that for many classes of symmetric two-player games, the simple decision rule imitate-the-best can hardly be beaten by any other decision rule. We provide necessary and sufficient conditions for imitation to be unbeatable and show that it can only be beaten by much in games that are of...
Persistent link: https://www.econbiz.de/10010282117
In this paper, we introduce two new learning models: impulse-matching learning and action-sampling learning. These two … models together with the models of self-tuning EWA and reinforcement learning are applied to 12 different 2 x 2 games and … are two-fold: while the simulations with impulse-matching and action-sampling learning successfully replicate the …
Persistent link: https://www.econbiz.de/10010286719