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 …

assumption is robust in experiments, which is in contrast to experimental results on price competition …

In contexts in which players have no priors, we analyze a learning process based on ex-post regret as a guide to …

In contexts in which players have no priors, we analyze a learning process based on ex-post regret as a guide to …. -- Fixed and Random Matching ; Incomplete Information ; Ex-Post Regret Learning ; Nash Equilibrium ; Ex-Post Equilibrium … ; Minimax Regret Equilibrium ; Second-Price Auction ; First-Price Auction ; Bertrand Duopoly …

duopoly). Whereas in the one-shot markets we find no significant differences in the behavior of groups and individuals, in the …

In a duopoly market, aspiration levels express how much sellers want to earn given their expectations about the other … to adjust aspiration levels if they cannot be satisfied. -- satisficing behavior ; duopoly ; profit aspiration ; theory …