Showing 1 - 10 of 44
games offer new opportunities to identify learning rules, since on networks (compared to e.g. random matching) more rules … participants choose and which information they consult before making their choices. We use this information to estimate learning … types using maximum likelihood methods. There is substantial heterogeneity in learning types. However, the vast majority of …
Persistent link: https://www.econbiz.de/10011145661
This paper studies the learning process carried out by two agents who are involved in many games. As distinguishing all …. Partitions of higher cardinality are more costly. A process of simultaneous learning of actions and partitions is presented and … equilibrium partitions and action choices characterized. Learning across games can destabilize strict Nash equilibria even for …
Persistent link: https://www.econbiz.de/10011049900
We conduct a laboratory experiment and provide evidence of learning spillovers within and across equivalence classes of … “structurally similar” games. These spillovers are inconsistent with existing theories of learning in games. …
Persistent link: https://www.econbiz.de/10011116220
matched to interact in finitely repeated games. They form beliefs by learning from past behavior of others and then best …
Persistent link: https://www.econbiz.de/10011116889
there are learning spillovers across games but participants learn to play strategically equivalent games in the same way …
Persistent link: https://www.econbiz.de/10010594319
We study extrapolation between games in a laboratory experiment. Participants in our experiment first play either the dominance solvable guessing game or a Coordination version of the guessing game for five rounds. Afterwards they play a 3x3 normal form game for ten rounds with random matching...
Persistent link: https://www.econbiz.de/10008828406
policymakers, learning from the experience of the 1970s, eschewed activist policies in favor of policies that concentrated on the …
Persistent link: https://www.econbiz.de/10010958612
, learning from the experience of the 1970s, eschewed activist policies in favor of policies that concentrated on the achievement …
Persistent link: https://www.econbiz.de/10011604383
: rational expectations and learning. We show that in this environment the ability to stabilize the real side of the economy is … private learning and misperceptions of natural rates call for greater policy inertia, a more aggressive response to inflation … economy. We show that such policies are quite robust to potential misspecification of private sector learning and the …
Persistent link: https://www.econbiz.de/10011604810
We study extrapolation between games in a laboratory experiment. Participants in our experiment first play either the dominance solvable guessing game or a Coordination version of the guessing game for five rounds. Afterwards they play a 3x3 normal form game for ten rounds with random matching...
Persistent link: https://www.econbiz.de/10010272485