buyer receives an informative signal about negative experimentation outcomes, the seller might prefer to not experiment so …

'Cournot contest' games and consider the three leading DRs in game theory: payoff-based learning, best-response, and imitation …

, 1995) reinforcement learning model in both its one-parameter as well as three-parameter forms which generate predictions …

uncertainty is eventually eliminated by learning, it imparts a drift to the learning dynamics, whose magnitude and direction …

]), where the agent holds ambiguous beliefs regarding the distribution of the return process of one arm and is certain about the …

We present the results of an experiment on learning with minimal information. Particularly, subjects are only provided …

efficient player can get the better end of the deal, implying that slow learning can be a blessing in this type of competition …A standard incomplete-information war of attrition is extended to incorporate experimentation and private learning. We …

We compare how well agents aggregate information in two repeated social learning environments. In the first setting …

full discretion over the enforcement criterion, peer learning about each other’s enforcement outcome creates not only … learning lowers misconduct. Our results have implications for enforcement transparency, regulatory decision horizons, and …

In this paper, we extend the individual evolutionary learning model by incorporating other-regarding considerations and …