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We model a player's uncertainty about other player's strategy choices as probability distributions over their strategy sets. We call a strategy profile robust to strategic uncertainty if it is the limit, as uncertainty vanishes, of some sequence of strategy profiles in each of which every...
Persistent link: https://www.econbiz.de/10003950018
In games with continuum strategy sets, we model a player's uncertainty about another player's strategy, as an atomless probability distribution over the other player's strategy set. We call a strategy profile (strictly) robust to strategic uncertainty if it is the limit, as uncertainty vanishes,...
Persistent link: https://www.econbiz.de/10009530713
We examine the novel concept for repeated noncooperative games with bounded rationality: "Nash-2" equilibrium, called also "threatening-proof profile" in [16, Iskakov M., Iskakov A., 2012b]. It is weaker than Nash equilibrium and equilibrium in secure strategies: a player takes into account not...
Persistent link: https://www.econbiz.de/10013044475
In games with continuum strategy sets, we model a player’s uncertainty about another player’s strategy, as an atomless probability distribution over the other player’s strategy set. We call a strategy profile (strictly) robust to strategic uncertainty if it is the limit, as uncertainty...
Persistent link: https://www.econbiz.de/10014170260
problem for the case of both symmetric and asymmetric Cournot duopoly, we conduct internet treatments lasting more than a …One key problem regarding the external validity of laboratory experiments is their duration: while economic … interactions out in the field are often lengthy processes, typical lab experiments only last for an hour or two. To address this …
Persistent link: https://www.econbiz.de/10009775683
, Cournot and Stackelberg). Our experiments test the selection process. We find that there is clear evidence of convergence to …. The experimental results give also insights on the process of individual learning, confirming that subjects follow … aspiration rules rather than reinforcement rules …
Persistent link: https://www.econbiz.de/10012734665
We show that even in very simple oligopolies with differential information a (Bayesian) Cournot equilibrium in pure strategies may not exist, or be unique. However, we find sufficient conditions for existence, and for uniqueness, of Cournot equilibrium in a certain class of industries. More...
Persistent link: https://www.econbiz.de/10014052540
Recently there has been much theoretical and experimental work on learning in games. However, learning usually means … learning about the strategic behavior of opponents rather than learning about the game as such. In contrast, here we report on … an experiment designed to test whether players learn a) the relevant features of the payoff structure of a 2x2 game (e …
Persistent link: https://www.econbiz.de/10011539825
such, might be unkind. In many experiments it was shown that unkind actions which decrease the other's payoff are punished …
Persistent link: https://www.econbiz.de/10011332809
This paper aspires to fill a conspicuous gap in the literature regarding learning in games — the absence of empirical … verification of learning rules involving pattern recognition. Weighted fictitious play is extended to detect two-period patterns in … adequately represent the complete learning process of game players. Additionally, standard weighted fictitious play models are …
Persistent link: https://www.econbiz.de/10014052195