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We report an experiment in which subjects may learn from each other. Specifically, a “queue” of players who are identically informed ex ante make decisions in sequence over two lotteries. Every player except the first in the queue observes (only) his immediate predecessor’s choice and...
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The Braess Paradox (BP) in traffic and communication networks is a powerful illustration of the possible counterintuitive implications of the Nash equilibrium solution. It shows that, paradoxically, when one or more links are added to a weighted network with linear costs that depend on...
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