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Learning through period and physical time

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  • Backhaus, Teresa
  • Huck, Steffen
  • Leutgeb, Johannes
  • Oprea, Ryan

Abstract

We demonstrate in a laboratory experiment in which subjects play a two-player Cournot-Tullock game over hundreds of periods of varying length that full accounts of subjects' learning requires the consideration of, both, ‘period time’ and ‘physical time.’

Suggested Citation

  • Backhaus, Teresa & Huck, Steffen & Leutgeb, Johannes & Oprea, Ryan, 2023. "Learning through period and physical time," Games and Economic Behavior, Elsevier, vol. 141(C), pages 21-29.
    • Handle: RePEc:eee:gamebe:v:141:y:2023:i:c:p:21-29
    DOI: 10.1016/j.geb.2023.05.008
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    More about this item

    Keywords

    Cournot oligopoly; Laboratory experiment; Learning; Time;
    All these keywords.

    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior

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