Showing 1 - 10 of 5,522
play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was … number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious …
Persistent link: https://www.econbiz.de/10010366554
play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was … number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious …
Persistent link: https://www.econbiz.de/10003379095
play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was … number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious …
Persistent link: https://www.econbiz.de/10014061547
makes markets more competitive. Reinforcement learning also plays a role, as subjects favor strategies that have yielded …This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual … 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 analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round à la Vega-Redondo (1997). Optimizers play a myopic best response to the opponents' previous output....
Persistent link: https://www.econbiz.de/10010366551
We investigate the role of information feedback in rent-seeking games with two different contest structures. In the stochastic contest a contestant wins the entire rent with probability equal to her share of rent-seeking expenditures; in the deterministic contest she receives a share of the rent...
Persistent link: https://www.econbiz.de/10009618920
. Reinforcement learning plays a non-negligible role too, as subjects favor strategies that have yielded higher profits in the past …I propose a novel experimental approach to the study of learning in repeated games, complementing the analysis of … oligopoly, with limited information. The econometrics hinges on a model built upon EWA learning, and simultaneously analyzing …
Persistent link: https://www.econbiz.de/10014218033
makes markets more competitive. Reinforcement learning also plays a role, as subjects favor strategies that have yielded …This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual … a priori information. The econometrics hinges on a model built upon Experience Weighted Attraction learning, and the …
Persistent link: https://www.econbiz.de/10014162117
makes markets more competitive. Reinforcement learning also plays a role, as subjects favor strategies that have yielded …This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual … a priori information. The econometrics hinges on a model built upon Experience Weighted Attraction learning, and the …
Persistent link: https://www.econbiz.de/10013088340
makes markets more competitive. Reinforcement learning also plays a role, as subjects favor strategies that have yielded … higher profits in the past. -- information ; imitation ; Cournot oligopoly ; EWA learning …This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual …
Persistent link: https://www.econbiz.de/10009683019