Learning in a Black Box
Copyright policy )Learning in a Black Box
Abstract This chapter studies strategic behavior when agents have no information about the structure of the underlying game and they cannot observe other agents’ actions or payoffs. Even when players have no such information, there are simple payoff-based learning rules that lead to Nash equilibrium in many types of games, as shown in Chapter 8. A key feature of these trial-and-error rules is that subjects search differently depending on whether their payoffs increase, stay constant, or decrease. This chapter analyzes learning behavior in a laboratory setting and finds strong empirical confirmation for these asymmetric search behaviors in the context of voluntary contribution games. By varying the amount of information, we show that these behaviors are also present even when subjects have full information about the game.
- École des Ponts ParisTech France
- University of Oxford United Kingdom
- ETH Zurich Switzerland
- University of Zurich Switzerland
- PSL Research University France
Economics and Econometrics, Organizational Behavior and Human Resource Management, H.H4.H41 - Public Goods, 300 Social sciences, sociology & anthropology, C.C7.C73 - Stochastic and Dynamic Games • Evolutionary Games • Repeated Games, 300 Social sciences, sociology & anthropology, public goods games, 2002 Economics and Econometrics, C.C9.C91 - Laboratory, Individual Behavior, Public goods game, 1407 Organizational Behavior and Human Resource Management, Learning; Information; public goods games, D.D8.D83 - Search • Learning • Information and Knowledge • Communication • Belief • Unawareness, Information; Learning; Public goods game;, Information, C.C7.C70 - General, Learning, Public goods games, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, Learning,Information,Public goods games, 10095 Institute of Sociology
Economics and Econometrics, Organizational Behavior and Human Resource Management, H.H4.H41 - Public Goods, 300 Social sciences, sociology & anthropology, C.C7.C73 - Stochastic and Dynamic Games • Evolutionary Games • Repeated Games, 300 Social sciences, sociology & anthropology, public goods games, 2002 Economics and Econometrics, C.C9.C91 - Laboratory, Individual Behavior, Public goods game, 1407 Organizational Behavior and Human Resource Management, Learning; Information; public goods games, D.D8.D83 - Search • Learning • Information and Knowledge • Communication • Belief • Unawareness, Information; Learning; Public goods game;, Information, C.C7.C70 - General, Learning, Public goods games, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, Learning,Information,Public goods games, 10095 Institute of Sociology
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