number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious … 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 look at the problem of pricing in a duopoly with observational learning. Prior literature shows that when the number … utility ex post, is always positive. We find similar results in a duopoly with static pricing. Interestingly, and in contrast … to the previous literature, we show that in a duopoly with dynamic pricing, there are equilibria in which no cascade …