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Evolving Aspirations and Cooperation
- Journal of Economic Theory
, 1998
"... This paper therefore builds on [3], in which a model of consistent aspirations-based learning was introduced ..."
Abstract
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Cited by 25 (2 self)
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This paper therefore builds on [3], in which a model of consistent aspirations-based learning was introduced
ARTICLE NO. GA970540 Learning and Decision Costs in Experimental
, 1994
"... Subjects played strategically similar 4 � 4 and 6 � 6 constant sum games under varying payoff scales. Substantial divergences from equilibrium predictions were exhibited. The dynamic pattern of play is best explained by a stimulus learning model whereby players allocate weight to different actions a ..."
Abstract
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Subjects played strategically similar 4 � 4 and 6 � 6 constant sum games under varying payoff scales. Substantial divergences from equilibrium predictions were exhibited. The dynamic pattern of play is best explained by a stimulus learning model whereby players allocate weight to different actions according to their relative Ž time average. payoff experience in past plays. The results do not provide much support for the hypothesis that players select best responses to beliefs about opponent play based on observed choice frequencies in past plays, modified by random errors or preference shocks. Journal of Economic Literature Classification
