Learning in networks: An experimental study using stationary concepts

Artikel

Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 × 2 games used by Selten and Chmura [1]. Every participant played against four neighbors. As a distinct aspect our experimental design allows players to choose different strategies against each different neighbor. The games were played in two network structures: a lattice and a circle. We analyze our results with respect to three aspects. We first compare our results with the predictions of five different equilibrium concepts (Nash equilibrium, quantal response equilibrium, action-sampling equilibrium, payoff-sampling equilibrium, and impulse balance equilibrium) which represent the long-run equilibrium of a learning process. Secondly, we relate our results to four different learning models (impulse-matching learning, action-sampling learning, self-tuning EWA, and reinforcement learning) which are based on the (behavioral) round-by-round learning process. At last, we compare the data with the experimental results of Selten and Chmura [1]. One main result is that the majority of players choose the same strategy against each neighbor. As other results, we observe an order of predictive success for the equilibrium concepts that is different from the order shown by Selten and Chmura and an order of predictive success for the learning models that is only slightly different from the order shown in a recent paper by Chmura, Goerg and Selten [2].

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Games ; ISSN: 2073-4336 ; Volume: 5 ; Year: 2014 ; Issue: 3 ; Pages: 140-159 ; Basel: MDPI

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: stationary concepts ; networks ; learning ; experimental economics

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Berninghaus, Siegfried K. ; Neumann, Thomas ; Vogt, Bodo
• Ereignis: Veröffentlichung
• (wer): MDPI
• (wo): Basel
• (wann): 2014

Weitere Informationen

• DOI: doi:10.3390/g5030140
• Handle: http://hdl.handle.net/10419/167927
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ