Showing 161 - 170 of 255,395
game theoretic learning paradigm. Eye-tracking is used to observe what information subjects look at in 4x4 normal …-form games; the eye-tracking results favor sophisticated learning over adaptive learning and lend support to anticipatory or … sophisticated models of learning in which subjects look at payoffs of other players to anticipate what those players might do. The …
Persistent link: https://www.econbiz.de/10013156616
The novelty of our model is to combine models of collective action on networks with models of social learning. Agents …
Persistent link: https://www.econbiz.de/10013061677
Despite widespread use in online transactions, rating systems only provide summary statistics of buyers' diverse opinions at best. To investigate the consequences of this coarse form of information aggregation, we consider a dynamic lemons market in which buyers share their evaluations...
Persistent link: https://www.econbiz.de/10014345170
correlation across players. For each information structure, we define a simple learning efficiency index, which only considers the … this index characterizes the speed of common learning (Cripps, Ely, Mailath, and Samuelson, 2008): In particular, the speed … individual learning, and does not depend on the correlation across players’ signals. Second, we build on this characterization to …
Persistent link: https://www.econbiz.de/10013215438
The novelty of our model is to combine models of collective action on networks with models of social learning. Agents …
Persistent link: https://www.econbiz.de/10010227321
We study compliance dynamics generated by a large set of behavioral rules describing social interaction in a population of agents facing an enforcement authority. When the authority adjusts the auditing probability every period, cycling in cheating-auditing occurs: Intensive monitoring induces...
Persistent link: https://www.econbiz.de/10010347038
The use of coarse categories is prevalent in various situations and has been linked to biased economic outcomes, ranging from discrimination against minorities to empirical anomalies in financial markets. In this paper we study economic rationales for categorizing coarsely. We think of the way...
Persistent link: https://www.econbiz.de/10010353550
are rare. Thus, even in a world of simple learning agents, coordination behavior can take on some surprising forms. …
Persistent link: https://www.econbiz.de/10011515836
information is subject to multiplier effects inherent to social learning. We build upon the static case, where all agents receive … dissemination of public information is thus considerably lower than the static case suggests. If the social learning signal is …
Persistent link: https://www.econbiz.de/10011373562
We model the spread of news as a social learning game on a network. Agents can either endorse or oppose a claim made in … neighbors' past actions. Given these inputs, agents follow strategies derived via multi-agent deep reinforcement learning and … networks. Our results also highlight that information about the users' private beliefs and their social network structure can …
Persistent link: https://www.econbiz.de/10011906248