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Learning in Networks - An Experimental Study using Stationary Concepts

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  • Siegried K. Berninghaus

    (Karlsruhe Institute of Technology (KIT), Institute for Economic Theory and Statistics)

  • Thomas Neumann

    ()
    (Otto-von-Guericke-University Magdeburg, Faculty of Economics and Management, Empirical Economics)

  • Bodo Vogt

    (Otto-von-Guericke-University Magdeburg, Faculty of Economics and Management, Empirical Economics)

Abstract

Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 games used by Selten and Chmura (2008) and in the comment by Brunner, Camerer and Goeree (2009). Every participant played against four neighbors and could choose a different strategy against each of them. The games were played in two network structures: a attice and a circle. We compare our results with the predictions of different theories (Nash equilibrium, quantal response equilibrium, action-sampling equilibrium, payoff-sampling equilibrium, and impulse balance equilibrium) and the experimental results of Selten and Chmura (2008). One result is that the majority of players choose the same strategy against each neighbor. As another result we observe an order of predictive success for the stationary concepts that is different from the order shown by Selten and Chmura. This result supports our view that learning in networks is different from learning in random matching.

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Bibliographic Info

Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2011-048.

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Date of creation: 19 Oct 2011
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Handle: RePEc:jrp:jrpwrp:2011-048

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Keywords: experimental economics; networks; learning;

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  1. Kirchkamp, Oliver & Nagel, Rosemarie, 2005. "Learning and cooperation in network experiments," Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim 05-27, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
  2. Reinhard Selten & Klaus Abbink & Ricarda Cox, 2005. "Learning Direction Theory and the Winner’s Curse," Experimental Economics, Springer, Springer, vol. 8(1), pages 5-20, April.
  3. Jackson, Matthew O., 1998. "The Evolution of Social and Economic Networks," Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences 1044, California Institute of Technology, Division of the Humanities and Social Sciences.
  4. Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer, Springer, vol. 10(2), pages 171-178, June.
  5. Ben Greiner, 2004. "The Online Recruitment System ORSEE 2.0 - A Guide for the Organization of Experiments in Economics," Working Paper Series in Economics, University of Cologne, Department of Economics 10, University of Cologne, Department of Economics.
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