Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072011 | Games and Economic Behavior | 2012 | 30 Pages |
Abstract
⺠Two new learning models (impulse-matching learning and action-sampling learning) are introduced. ⺠The aggregate behavior of experimental subjects is best described in simulations with impulse-matching and action-sampling learning. ⺠Individual round-by-round behavior is best described by self-tuning EWA. ⺠Only impulse-matching learning and self-tuning EWA perform better in describing subjectsʼ round-by-round behavior than the aggregated empirical frequencies.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Thorsten Chmura, Sebastian J. Goerg, Reinhard Selten,