Showing 1 - 10 of 3,137
We contrast a standard deterministic signaling game with one where the signal-generating mechanism is stochastic. With stochastic signals a unique equilibrium emerges that involves separation and has intuitive comparative-static properties as the degree of signaling depends on the prior type...
Persistent link: https://www.econbiz.de/10008509455
We contrast a standard deterministic signaling game with one where the signal-generating mechanism is stochastic. With stochastic signals a unique equilibrium emerges that involves separation and has intuitive comparative-static properties as the degree of signaling depends on the prior type...
Persistent link: https://www.econbiz.de/10009368116
We contrast a standard deterministic signaling game with one where the signal-generating mechanism is stochastic. With stochastic signals a unique equilibrium emerges that involves separation and has intuitive comparative-static properties as the degree of signaling depends on the prior type...
Persistent link: https://www.econbiz.de/10010307240
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in …
Persistent link: https://www.econbiz.de/10009535526
The authors (Cason, Friedman and Hopkins, Review of Economic Studies, 2014) claimed that control treatments (using simultaneous matching in discrete time) replicate previous results that exhibit weak or no cycles. After correcting two mathematical mistakes in their cycles tripwire algorithm, we...
Persistent link: https://www.econbiz.de/10011114182
We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The 'TASP … equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a …
Persistent link: https://www.econbiz.de/10010288137
We report laboratory experiments that use new, visually oriented software to explore the dynamics of 3 x 3 games with … cycles in the population mix. The cycle amplitude, frequency and direction are consistent with standard learning models …
Persistent link: https://www.econbiz.de/10010288147
We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The “TASP … equilibrium under fictitious play like learning processes. We use two 4 x 4 games each with a unique mixed Nash equilibrium; one … is stable and one is unstable under learning. Both games are versions of Rock-Paper-Scissors with the addition of a …
Persistent link: https://www.econbiz.de/10005750758
We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The “TASP … equilibrium under a wide class of learning processes. We study two versions of Rock-Paper-Scissors with the addition of a fourth …
Persistent link: https://www.econbiz.de/10008531900
We report experiments designed to test the theoretical possibility, first discovered by Shapley (1964), that in some … games learning fails to converge to any equilibrium, either in terms of marginal frequencies or of average play. Subjects … equilibrium of one game is predicted to be stable under learning, the other unstable, provided payoffs are sufficiently high. We …
Persistent link: https://www.econbiz.de/10005101118