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 …We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a …

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 …We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a …

framework of evolutionary competition between rational, myopic best-response and imitation heuristics with differential … heuristic (Cournot best-response) and the stable one (imitation) and on the intensity of the evolutionary pressure. When this … cost differential is positive (i.e., imitation is relatively cheaper vis a vis Cournot), most firms use this heuristic and …

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 …

reinforcement learning models than with belief-based models. Showing level-2 rationality (i.e., reasoning about others' beliefs) is … process level to the validity of modeling behavior using low-rationality reinforcement learning models … only subjects who picked the minority option obtain a positive reward. Previous experiments on the minority and similar …

reinforcement learning models than with belief-based models. Showing level-2 rationality (i.e., reasoning about others' beliefs) is … process level to the validity of modeling behavior using low-rationality reinforcement learning models. -- coordination … ; minority game ; market efficiency ; information ; self-organization ; reinforcement learning …

reinforcement learning models than with belief-based models. Showing level-2 rationality (i.e., reasoning about others' beliefs) is … process level to the validity of modeling behavior using low-rationality reinforcement learning models. … only subjects who picked the minority option obtain a positive reward. Previous experiments on the minority and similar …

selection of Walrasian strategies in aggregative games under imitation. …