Showing 1 - 10 of 26
Persistent link: https://www.econbiz.de/10000942381
Motivated by the idea that lack of experience is a source of errors but that experience should reduce them, we model agents' behavior using a stochastic choice model, leaving endogenous the accuracy of their choice. In some games, increased accuracy is conducive to unstable best-response...
Persistent link: https://www.econbiz.de/10014344184
Persistent link: https://www.econbiz.de/10013331064
Persistent link: https://www.econbiz.de/10001239266
Persistent link: https://www.econbiz.de/10002533405
Persistent link: https://www.econbiz.de/10012819962
Persistent link: https://www.econbiz.de/10009243298
Persistent link: https://www.econbiz.de/10009732247
Persistent link: https://www.econbiz.de/10003192029
We study how subjects in an experiment use different forms of public information about their opponents' past behavior. In the absence of public information, subjects appear to use rather detailed statistics summarizing their private experiences. If they have additional public information, they...
Persistent link: https://www.econbiz.de/10011437784