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Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in … which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the … strategies of the players. The experimental subjects often start with diffuse uniform beliefs and update them in view of …
Persistent link: https://www.econbiz.de/10009535526
We analyze a two-player game of strategic experimentation with two-armed bandits. Each player has to decide in continuous time whether to use a safe arm with a known payoff or a risky arm whose likelihood of delivering payoffs is initially unknown. The quality of the risky arms is perfectly...
Persistent link: https://www.econbiz.de/10010364305
version of a cobweb model. In an evolutionary learning set-up, which is imitative, principals can have different beliefs about …We relax the common assumption of homogeneous beliefs in principal-agent relationships with adverse selection … uniform belief depends on the relative size of the bias in beliefs. …
Persistent link: https://www.econbiz.de/10012607986
We introduce learning by doing in a dynamic contest. Contestants compete in an early round and can use the experience … from the learning by doing effect …
Persistent link: https://www.econbiz.de/10014194377
Persistent link: https://www.econbiz.de/10011942509
Persistent link: https://www.econbiz.de/10012309777
learning process of individuals with different preference types (more and less pro-social) and coarse information regarding the …
Persistent link: https://www.econbiz.de/10011326679
where both risky arms are of the same type, we find that learning will be complete in any Markov perfect equilibrium if the …
Persistent link: https://www.econbiz.de/10003951567
always exists an equilibrium exhibiting efficient long-run patterns of learning. These results extend to a three-player game …
Persistent link: https://www.econbiz.de/10012757600
of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment … understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …
Persistent link: https://www.econbiz.de/10010364492