Showing 1 - 10 of 10
Over the past decades psychological theories have made significant headway into economics, culminating in the 2002 (partially) and 2017 Nobel prizes awarded for work in the field of Behavioural Economics. Many of the insights imported from psychology into economics share a common trait: the...
Persistent link: https://www.econbiz.de/10014254087
Persistent link: https://www.econbiz.de/10009621718
Persistent link: https://www.econbiz.de/10010358106
This paper examines strategic adaptation in participants’ behavior conditional on the type of their opponent. Participants played a constant-sum game for 100 rounds against each of three pattern-detecting computer algorithms designed to exploit regularities in human behavior such as...
Persistent link: https://www.econbiz.de/10014052194
This paper aspires to fill a conspicuous gap in the literature regarding learning in games — the absence of empirical verification of learning rules involving pattern recognition. Weighted fictitious play is extended to detect two-period patterns in opponents’ behavior and to comply with the...
Persistent link: https://www.econbiz.de/10014052195
Belief models capable of detecting 2- to 5-period patterns in repeated games by matching the current historical context to similar realizations of past play are presented. The models are implemented in a cognitive framework, ACT-R, and vary in how they implement similarity-based categorization...
Persistent link: https://www.econbiz.de/10014156427
The emergence of heuristics, sophisticated behavior—such as higher levels of Theory of Mind—and substantive rationality in strategic situations can be studied using evolutionary game theory to jointly account for the interactions between players and their environments. Research thus far has...
Persistent link: https://www.econbiz.de/10013314177
Persistent link: https://www.econbiz.de/10003907005
Persistent link: https://www.econbiz.de/10003593191
Persistent link: https://www.econbiz.de/10003724886