laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In …

A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian … actions will be played some fraction of the time in the long run. We then conduct experiments to check this fragility. We …

The paper presents the concept of an imitation equilibrium and explores it in the context of some simple oligopoly … be suitable for imitation for various reasons. Only one of the most successful of the remaining members of the reference … group is imitated. Imitation is the adoption of the imitated player's strategy. Imitation equilibrium does not only mean …

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 … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those …

experiments ; industrial organisation ; oligopoly ; price competition ; co-ordination games, learning … present results of experiments in which two, three and four identical firms repeatedly interact in this environment. Less … not predicted by conventional equilibrium theories. This phenomenon can be captured by a simple imitation model and by a …

oligopoly, with limited information. The econometrics hinges on a model built upon EWA learning, and simultaneously analyzing … players' actual choices with data on the information acquisition process they follow. The game played is a repeated Cournot … data on information gathered and on actions taken by the subjects. Results suggest that learning is a composite process, in …

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 …

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 …