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We propose a new approach for running lab experiments on indefinitely repeated games with high continuation probability. This approach has two main advantages. First, it allows us to run multiple long repeated games per session. Second, it allows us to incorporate the strategy method with...
Persistent link: https://www.econbiz.de/10012967346
We develop a model of learning that extends the classic models of reinforcement learning to a continuous, multidimensional strategy space. The model takes advantage of the recent approximation methods to tackle the curse of dimensionality inherent to a traditional discretization approach....
Persistent link: https://www.econbiz.de/10012890872
Identifying the strategies that are played is critical to understanding behavior in repeated games. This process is difficult because only choices (not strategies) are observable. Recently, a debate has emerged regarding whether subjects play mixed strategies in the indefinitely repeated...
Persistent link: https://www.econbiz.de/10012897231
We use laboratory experiments to test for one of the foundations of the rational voter paradigm - that voters respond to probabilities of being pivotal. We exploit a setup that entails stark theoretical effects of information concerning the preference distribution (as revealed through polls) on...
Persistent link: https://www.econbiz.de/10009740932
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We use laboratory experiments to test for one of the foundations of the rational voter paradigm - that voters respond to probabilities of being pivotal. We exploit a setup that entails stark theoretical effects of information concerning the preference distribution (as revealed through polls) on...
Persistent link: https://www.econbiz.de/10011533777
Persistent link: https://www.econbiz.de/10011814659
We study the evolution of cooperation in the indefinitely repeated prisoner's dilemma when it is costly for players to adjust their strategy. Our experimental interface allows subjects to design a comprehensive strategy that then selects actions for them in every period. We conduct lab...
Persistent link: https://www.econbiz.de/10012855359