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, successful turn taking often involves fast learning, and individuals with turn taking experience are more likely to be teachers …
Persistent link: https://www.econbiz.de/10009422086
Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 … order shown by Selten and Chmura. This result supports our view that learning in networks is different from learning in …
Persistent link: https://www.econbiz.de/10009643179
While many learning models have been proposed in the game theoretic literature to track individuals’ behavior … learning models in light of a laboratory experiment on responsiveness in a lowinformation dynamic game subject to changes in … its underlying structure. While history-dependent reinforcement learning models track convergence of play well in repeated …
Persistent link: https://www.econbiz.de/10005062390
decisions. This paper experimentally investigates how the decision making quality of an agent's opponent impacts learning …-by-doing (LBD) and learning-by-observing (LBO) in a 2-player strategic game. Specifically, does LBD become more effective when …
Persistent link: https://www.econbiz.de/10010594601
are in the dark about others' actions and the payoff structure.  This paper analyzes learning behavior in such 'black box … we study voluntary contributions games.  We identify two robust features of the players' learning dynamics: search …
Persistent link: https://www.econbiz.de/10011158994
We study a communication game of common interest in which the sender observes one of infinite types and sends one of finite messages which is interpreted by the receiver. In equilibrium there is no full separation but types are clustered into convex categories. We give a full characterization of...
Persistent link: https://www.econbiz.de/10010272564
This paper considers the e effcts of a two-period interaction on the decision of a principal to delegate authority to a potentially biased but better informed agent. Compared to the (repeated) one-period case, the agent's first period actions may also signal his type which in turn impacts wages...
Persistent link: https://www.econbiz.de/10010287567
We study a communication game of common interest in which the sender observes one of infinite types and sends one of finite messages which is interpreted by the receiver. In equilibrium there is no full separation but types are clustered into convex categories. We give a full characterization of...
Persistent link: https://www.econbiz.de/10003921430
We analyze a cheap talk model in which an informed sender and an uninformed receiver engage in finite-period communication before the receiver chooses a project. During the communication phase, in each period, the sender sends a cheap talk message and the receiver voluntarily pays money for the...
Persistent link: https://www.econbiz.de/10012901585
We construct a real options signaling game model to analyze the impact of asymmetric information on the dynamic acquisition decision made by the aggressive acquirer firm and passive target firm in the takeover terms and timing. The target firm is assumed to have partial information on the...
Persistent link: https://www.econbiz.de/10012936079