Showing 1 - 10 of 3,541
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 …
Persistent link: https://www.econbiz.de/10010366554
choices with data on the information acquisition process they follow. Subjects play a repeated Cournot oligopoly, with limited …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 explore the stability of imitation in a 1,200-period experimental Cournot game where subjects do not know the payoff …Wir untersuchen die Stabilität von Imitationsverhalten in einem experimentellen Cournot-Oligopol mit 1.200 Perioden, in …
Persistent link: https://www.econbiz.de/10010194591
We analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators …
Persistent link: https://www.econbiz.de/10010366551
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 …
Persistent link: https://www.econbiz.de/10003379095
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 …
Persistent link: https://www.econbiz.de/10014636241
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 …
Persistent link: https://www.econbiz.de/10010263153
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 …
Persistent link: https://www.econbiz.de/10011422135
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 …
Persistent link: https://www.econbiz.de/10014061547
competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment we employ three information treatments …We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the …
Persistent link: https://www.econbiz.de/10010371113