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understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …
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learning process of individuals with different preference types (more and less pro-social) and coarse information regarding the …
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We propose a framework in order to econometrically estimate case-based learning and apply it to empirical data from … twelve 2 × 2 mixed strategy equilibria experiments. Case-based learning allows agents to explicitly incorporate information …-based learning to other learning models (reinforcement learning and self-tuned experience weighted attraction learning) while using …
Persistent link: https://www.econbiz.de/10012432206
predictions about one-shot games and provides initial conditions for a theory of learning in repeated games. The learning theory … adds one parameter (to measure response sensitivity) and adjusts learning parameters for environmental change (e.g., old … comparable models like fictitious play and reinforcement learning. The teaching theory assumes some fraction of players realize …
Persistent link: https://www.econbiz.de/10014121757
equilibrium, retains equilibrium expectations but adds stochastic response (of which players are aware). Learning theories explain …) or foregone payoffs (model-directed learning). Finally, many studies reject the joint hypothesis of equilibrium …
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We study compliance dynamics generated by a large set of behavioral rules describing social interaction in a population of agents facing an enforcement authority. When the authority adjusts the auditing probability every period, cycling in cheating-auditing occurs: Intensive monitoring induces...
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