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Feedback spillover and analogy-based expectations: A multi-game experiment

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  • Huck, Steffen
  • Jehiel, Philippe
  • Rutter, Tom

Abstract

We consider a multi-game interactive learning environment in which subjects sometimes only have access to the aggregate distribution of play of the opponents over the various games and sometimes are told the joint distribution of actions and games in a more or less accessible way. Our main findings are: 1) In the presence of feedback spillover, long run behaviors stabilize to an analogy-based expectation equilibrium (Jehiel, 2005). 2) Faced with the same objective feedback, the long run behaviors are sometimes better described by Nash equilibrium and sometimes they are better described by the analogy-based expectation equilibrium depending on the accessibility of the feedback.

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Bibliographic Info

Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 71 (2011)
Issue (Month): 2 (March)
Pages: 351-365

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Handle: RePEc:eee:gamebe:v:71:y:2011:i:2:p:351-365

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Web page: http://www.elsevier.com/locate/inca/622836

Related research

Keywords: Analogy-based expectation Information processing Experiments Accessibility Interactive learning Feedback spillover;

References

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Cited by:
  1. Cason, Timothy & Savikhin, Anya & Sheremeta, Roman, 2011. "Behavioral Spillovers in Coordination Games," MPRA Paper 52106, University Library of Munich, Germany.
  2. Savikhin, Anya & Sheremeta, Roman, 2012. "Simultaneous Decision-Making in Competitive and Cooperative Environments," MPRA Paper 46809, University Library of Munich, Germany.
  3. Godoy, Sara & Morales, Antonio J. & Rodero, Javier, 2013. "Competition lessens competition," Economics Letters, Elsevier, vol. 120(3), pages 419-423.

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