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anticipate strategically relevant information. Because of the uncertainty and learning, (ir)reversibility of actions has …
Persistent link: https://www.econbiz.de/10011049901
Agents at the beginning of a dynamic coordination process (1) are uncertain about actions of their fellow players and (2) anticipate receiving strategically relevant information later on in the process. In such environments, the (ir)reversibility of early actions plays an important role in the...
Persistent link: https://www.econbiz.de/10005086646
The purpose of this paper is to identify learning in games in experimental economic settings, and apply their results … that learning about power is dominant over learning from simple repetition in Veto games. Additionally, this paper shows …
Persistent link: https://www.econbiz.de/10011572871
We study learning in a large class of complete information normal form games. Players continually face new strategic … situations and must form beliefs by extrapolation from similar past situations. We characterize the long-run outcomes of learning … in learning may generate contagion of actions across games even if players learn only from games with payoffs very close …
Persistent link: https://www.econbiz.de/10011700119
Persistent link: https://www.econbiz.de/10005375531
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
We study learning in a large class of complete information normal form games. Players continually face new strategic … situations and must form beliefs by extrapolation from similar past situations. We characterize the long-run outcomes of learning … in learning may generate contagion of actions across games even if players learn only from games with payoffs very close …
Persistent link: https://www.econbiz.de/10011599409
Agents at the beginning of a dynamic coordination process (1) are uncertain about actions of their fellow players and (2) anticipate receiving strategically relevant information later on in the process. In such environments, the irreversibility of early actions plays an important role in the...
Persistent link: https://www.econbiz.de/10005369079
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
primacy of survival; strategic rivalry and market power; behavioral uncertainty and learning; the role of conventions and …
Persistent link: https://www.econbiz.de/10004997725