number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious … 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 …

In this paper, we study an imperfect monitoring model of duopoly under similar settings as in Green and Porter (1984 … cooperative motives. In contrast to Green and Porter (1984), our results show that in a model with learning, breakdown of a cartel …

several well-known learning processes in the minority game with an arbitrary odd number of players. Interestingly, different … learning processes provide considerably different predictions …

learning …

is proved that if every player is using either a belief-based learning scheme with bounded recall or a generalized … fictitious play learning scheme, then for sufficiently large time, the players' bids are in equilibrium in the one-shot auction …

The novelty of our model is to combine models of collective action on networks with models of social learning. Agents …

are rare. Thus, even in a world of simple learning agents, coordination behavior can take on some surprising forms. …