An Experimental Investigation of Optimal Learning in Coordination Games
AbstractThis paper presents an experimental investigation of optimal learning in repeated coordination games. We find evidence for such learning when we limit both the cognitive demands on players and the information available to them. We also find that uniqueness of the optimal strategy is no guarantee for it to be used. Optimal learning can be impeded by both irrelevant information and the complexity of the coordination task. ZUSAMMENFASSUNG - (Eine experimentelle Untersuchung des optimalen Lernens in Koordinationsspielen) In diesem Beitrag wird eine experimentelle Untersuchung des optimalen Lernens in wiederholten Koordinationsspielen vorgestellt. Derartiges Lernen wird beobachtet, wenn kognitive Anforderungen an die Spieler und die ihnen zur VerfÃ¼gung stehende Information begrenzt sind. Es zeigt sich aber auch, daÃ die Einzigartigkeit der optimalen Strategie keine Garantie dafÃ¼r ist, daÃ sie angewendet wird. Optimales Lernen kann sowohl durch irrelevante Informationen als auch durch die KomplexitÃ¤t der Koordinationsaufgabe behindert werden.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Theory.
Volume (Year): 90 (2000)
Issue (Month): 1 (January)
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Web page: http://www.elsevier.com/locate/inca/622869
Other versions of this item:
- Andreas Blume & Uri Gneezy, 1998. "An Experimental Investigation of Optimal Learning in Coordination Games," CIG Working Papers FS IV 98-12, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Blume, Andreas & Gneezy, Uri, 1998. "An Experimental Investigation of Optimal Learning in Coordination Games," Working Papers 98-10, University of Iowa, Department of Economics.
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