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In contexts in which players have no priors, we analyze a learning process based on ex-post regret as a guide to …
Persistent link: https://www.econbiz.de/10013142432
In contexts in which players have no priors, we analyze a learning process based on ex-post regret as a guide to …. -- Fixed and Random Matching ; Incomplete Information ; Ex-Post Regret Learning ; Nash Equilibrium ; Ex-Post Equilibrium … ; Minimax Regret Equilibrium ; Second-Price Auction ; First-Price Auction ; Bertrand Duopoly …
Persistent link: https://www.econbiz.de/10008688967
Persistent link: https://www.econbiz.de/10008515308
This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual … makes markets more competitive. Reinforcement learning also plays a role, as subjects favor strategies that have yielded … a priori information. The econometrics hinges on a model built upon Experience Weighted Attraction learning, and the …
Persistent link: https://www.econbiz.de/10011730377
We study extrapolation between games in a laboratory experiment. Participants in our experiment first play either the …
Persistent link: https://www.econbiz.de/10014187526
We study extrapolation between games in a laboratory experiment. Participants in our experiment first play either the … are also able to learn structural properties of the games. -- Game Theory ; Learning ; Extrapolation …
Persistent link: https://www.econbiz.de/10008747644
A learning rule is uncoupled if a player does not condition his strategy on the opponent's payoffs. It is radically …, radically uncoupled learning rules whose period-by-period behavior comes arbitrarily close to Nash equilibrium behavior in any …
Persistent link: https://www.econbiz.de/10011702986
learning processes exhibited by players. …
Persistent link: https://www.econbiz.de/10011539831
are rare. Thus, even in a world of simple learning agents, coordination behavior can take on some surprising forms. …
Persistent link: https://www.econbiz.de/10011515836
several well-known learning processes in the minority game with an arbitrary odd number of players. Interestingly, different … learning processes provide considerably different predictions …
Persistent link: https://www.econbiz.de/10012729173