کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5057883 1476613 2017 5 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Two “little treasure games” driven by unconditional regret
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Two “little treasure games” driven by unconditional regret
چکیده انگلیسی


- For repeated Traveler's Dilemma and Minimum Effort Coordination games the short-run dynamics of expected actions can be predicted by unconditional regret matching procedure.
- The unconditional regret matching with bounded memory can speed up the convergence to the long-run equilibrium.
- The example of Pareto improving Coarse Correlated Equilibrium for Traveler's Dilemma game is provided.

For Traveler's Dilemma and Minimal Effort Coordination games, the unconditional regret matching (URM) procedure predicts outcomes close to the experimental ones. This supports a claim that the URM procedure can be well suited to predict the behavior of experimental subjects in repeated games.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economics Letters - Volume 150, January 2017, Pages 99-103
نویسندگان
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