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each state to a payoff vector that is feasible and individually rational in that state, there is a sequential equilibrium …
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We propose an extension to smooth fictitious play and prove that play converges to an ε-Markov perfect equilibrium with …
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We present the results of an experiment on learning with minimal information. Particularly, subjects are only provided … with feedback about their own payoff from the last period of the game being played, but not with information about the … structure of algorithms for subjects who receive sufficient information to learn the game. The laboratory data show that …
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choices with data on the information acquisition process they follow. Subjects play a repeated Cournot oligopoly, with limited … a priori information. The econometrics hinges on a model built upon Experience Weighted Attraction learning, and the … simultaneous analysis of data on the information gathered and on actions taken by the subjects. Results suggest that learning is a …
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