Showing 491 - 500 of 201,380
Persistent link: https://www.econbiz.de/10011982833
We present the results of an experiment on learning in a continuous-time low-information setting. For a dominance … implications both for traditional oligopoly competition and for a wide variety of strategic situations arising on the Internet …
Persistent link: https://www.econbiz.de/10014056756
and after a merger. For this, we use a controlled laboratory experiment where subjects decide on the level of treatment …
Persistent link: https://www.econbiz.de/10011444718
We report results of experiments designed to test the predictions of the best reply process. In a Cournot oligopoly … learning dynamics to explain this unpredicted stability. …
Persistent link: https://www.econbiz.de/10010317666
This paper presents an experiment on learning in repeated games, which complements the analysis of playersʼ actual … makes markets more competitive. Reinforcement learning also plays a role, as subjects favor strategies that have yielded … a priori information. The econometrics hinges on a model built upon Experience Weighted Attraction learning, and the …
Persistent link: https://www.econbiz.de/10011049694
We report results of experiments designed to test the predictions of the best reply process. In a Cournot oligopoly … learning dynamics to explain this unpredicted stability. …
Persistent link: https://www.econbiz.de/10005085681
This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual … makes markets more competitive. Reinforcement learning also plays a role, as subjects favor strategies that have yielded … a priori information. The econometrics hinges on a model built upon Experience Weighted Attraction learning, and the …
Persistent link: https://www.econbiz.de/10010704409
In-group favoritism in social dilemma situations is one of the main findings of studies in Social Identity Theory. We investigate what causes the in-group bias: is it due to mere group affiliation or, alternatively, is guilt-aversion a possible explanation? We induce group membership in a...
Persistent link: https://www.econbiz.de/10010263886
Standard theoretical prediction is that rational economic agents participating in rent-seeking contests should engage in socially inefficient behavior by exerting costly efforts. Experimental studies find that the actual efforts of participants are significantly higher than predicted and that...
Persistent link: https://www.econbiz.de/10011109372
The standard theoretical description of rent-seeking contests is that of rational individuals or groups engaging in socially inefficient behavior by exerting costly effort. Experimental studies find that the actual efforts of participants are significantly higher than predicted in the models...
Persistent link: https://www.econbiz.de/10011111074