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Persistent link: https://www.econbiz.de/10012951079
I examine the generalizability of a broad range of prominent learning models in explaining contribution patterns in … learning models in terms of how accurately they describe individuals' round-by-round choices. The experimental data are split … game strategies. Both ex-post descriptive fit of learning models and their ex-ante predictive accuracy are examined. The …
Persistent link: https://www.econbiz.de/10012911924
We experimentally implement a dynamic public-good problem, where the public good in question is the dynamically evolving information about agents' common state of the world. Subjects' behavior is consistent with free-riding because of strategic concerns. We also find that subjects adopt more...
Persistent link: https://www.econbiz.de/10012598548
effect. To date, no theory has explained all of these facts simultaneously. We merge our Individual Evolutionary Learning …
Persistent link: https://www.econbiz.de/10010818162
effect. To date, no theory has explained all of these facts simultaneously. We merge our Individual Evolutionary Learning …
Persistent link: https://www.econbiz.de/10010608548
corresponds to findings from experiments on voluntary contribution to a public good. Crucial determinants of the learning process …
Persistent link: https://www.econbiz.de/10005537778
Standard game theoretic models predict, based on subgame perfection, that public goods will not be provided even if agents are allowed to monitor free riders at some cost. Further, because punishment is not credible in these environments, this prediction is invariant to the size of groups....
Persistent link: https://www.econbiz.de/10005190080
), which implements social preferences in tandem with an evolutionary learning algorithm. However, the stylized facts have …
Persistent link: https://www.econbiz.de/10011569202
forces of (a) learning about the benefits of reputation, and (b) learning about backward unraveling. We find, inter alia …
Persistent link: https://www.econbiz.de/10010126752
been withdrawn. Inconsistency in experiencing audits across time clearly increases the difficulty of learning the true …
Persistent link: https://www.econbiz.de/10010239265