Learning in unprofitable games
Author
Abstract
Suggested Citation
DOI: 10.1016/j.geb.2025.03.001
Download full text from publisher
As the access to this document is restricted, you may want to
for a different version of it.References listed on IDEAS
- Charles Noussair & Marc Willinger, 2011. "Mixed strategies in an unprofitable game: an experiment," Working Papers 11-19, LAMETA, Universtiy of Montpellier, revised Nov 2011.
- Shachat, Jason & Swarthout, J. Todd & Wei, Lijia, 2015.
"A Hidden Markov Model For The Detection Of Pure And Mixed Strategy Play In Games,"
Econometric Theory, Cambridge University Press, vol. 31(4), pages 729-752, August.
- Jason Shachat & J. Todd Swarthout & Lijia Wei, 2012. "A hidden Markov model for the detection of pure and mixed strategy play in games," Experimental Economics Center Working Paper Series 2012-11, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University.
- Jason Shachat & J. Todd Swarthout & Lijia Wei, 2013. "A hidden Markov model for the detection of pure and mixed strategy play in games," Working Papers 2013-10-14, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.
- Shachat, Jason & Swarthout, J. Todd & Wei, Lijia, 2012. "A hidden Markov model for the detection of pure and mixed strategy play in games," MPRA Paper 39896, University Library of Munich, Germany.
- Jason Shachat & J. Todd Swarthout & Lijia Wei, 2012. "A hidden Markov model for the detection of pure and mixed strategy play in games," Working Papers 1202, Xiamen Unversity, The Wang Yanan Institute for Studies in Economics, Finance and Economics Experimental Laboratory, revised 07 Jul 2012.
- George J. Mailath, 1998.
"Do People Play Nash Equilibrium? Lessons from Evolutionary Game Theory,"
Journal of Economic Literature, American Economic Association, vol. 36(3), pages 1347-1374, September.
- George J. Mailath, 1998. "Corrigenda [Do People Play Nash Equilibrium? Lessons from Evolutionary Game Theory]," Journal of Economic Literature, American Economic Association, vol. 36(4), pages 1941-1941, December.
- Shachat, Jason & Swarthout, J. Todd, 2012.
"Learning about learning in games through experimental control of strategic interdependence,"
Journal of Economic Dynamics and Control, Elsevier, vol. 36(3), pages 383-402.
- Jason Shachat & J. Todd Swarthout, 2002. "Learning about Learning in Games through Experimental Control of Strategic Interdependence," Experimental Economics Center Working Paper Series 2006-17, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University, revised Aug 2008.
- Jason Shachat & J. Todd Swarthout, 2011. "Learning about learning in games through experimental control of strategic interdependence," Working Papers 1103, Xiamen Unversity, The Wang Yanan Institute for Studies in Economics, Finance and Economics Experimental Laboratory, revised 28 Apr 2011.
- Jason Shachat & J. Todd Swarthout, 2003. "Learning about Learning in Games through Experimental Control of Strategic Interdependence," Experimental 0310003, University Library of Munich, Germany.
- Jason Shachat & J. Todd Swarthout, 2013. "Learning about learning in games through experimental control of strategic interdependence," Working Papers 2013-10-14, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.
- Friedman, Daniel & Zhao, Shuchen, 2021. "When are mixed equilibria relevant?," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 51-65.
- McKelvey, Richard D. & Palfrey, Thomas R. & Weber, Roberto A., 2000.
"The effects of payoff magnitude and heterogeneity on behavior in 2 x 2 games with unique mixed strategy equilibria,"
Journal of Economic Behavior & Organization, Elsevier, vol. 42(4), pages 523-548, August.
- Palfrey, Thomas R. & McKelvey, Richard D., "undated". "The Effects of Payoff Magnitude and Heterogeneity on Behavior in 2X2 Games with Unique Mixed Strategy Equilibria," Working Papers 991, California Institute of Technology, Division of the Humanities and Social Sciences.
- R. J. Aumann & M. Maschler, 1972. "Some Thoughts on the Minimax Principle," Management Science, INFORMS, vol. 18(5-Part-2), pages 54-63, January.
- Larry Samuelson, 2002. "Evolution and Game Theory," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 47-66, Spring.
- Hommes, Cars H. & Ochea, Marius I., 2012. "Multiple equilibria and limit cycles in evolutionary games with Logit Dynamics," Games and Economic Behavior, Elsevier, vol. 74(1), pages 434-441.
- Gaunersdorfer Andrea & Hofbauer Josef, 1995.
"Fictitious Play, Shapley Polygons, and the Replicator Equation,"
Games and Economic Behavior, Elsevier, vol. 11(2), pages 279-303, November.
- A. Gaunersdorfer & J. Hofbauer, 2010. "Fictitious Play, Shapley Polygons and the Replicator Equation," Levine's Working Paper Archive 438, David K. Levine.
- McKelvey Richard D. & Palfrey Thomas R., 1995.
"Quantal Response Equilibria for Normal Form Games,"
Games and Economic Behavior, Elsevier, vol. 10(1), pages 6-38, July.
- McKelvey, Richard D. & Palfrey, Thomas R., 1994. "Quantal Response Equilibria For Normal Form Games," Working Papers 883, California Institute of Technology, Division of the Humanities and Social Sciences.
- R. McKelvey & T. Palfrey, 2010. "Quantal Response Equilibria for Normal Form Games," Levine's Working Paper Archive 510, David K. Levine.
- Borgers, Tilman & Sarin, Rajiv, 1997.
"Learning Through Reinforcement and Replicator Dynamics,"
Journal of Economic Theory, Elsevier, vol. 77(1), pages 1-14, November.
- Tilman Börgers & Rajiv Sarin, "undated". "Learning Through Reinforcement and Replicator Dynamics," ELSE working papers 051, ESRC Centre on Economics Learning and Social Evolution.
- T. Borgers & R. Sarin, 2010. "Learning Through Reinforcement and Replicator Dynamics," Levine's Working Paper Archive 380, David K. Levine.
- Jason Shachat & J. Todd Swarthout & Lijia Wei, 2011.
"Man versus Nash An experiment on the self-enforcing nature of mixed strategy equilibrium,"
Working Papers
1101, Xiamen Unversity, The Wang Yanan Institute for Studies in Economics, Finance and Economics Experimental Laboratory, revised 21 Feb 2011.
- Jason Shachat & J. Todd Swarthouty & Lijia Wei, 2013. "Man Versus Nash: An Experiment on the Self-enforcing Nature of Mixed Strategy Equilibrium," Working Papers 2013-10-14, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.
- Dhami, Sanjit, 2016. "The Foundations of Behavioral Economic Analysis," OUP Catalogue, Oxford University Press, number 9780198715535.
- William A. Brock & Cars H. Hommes, 1997.
"A Rational Route to Randomness,"
Econometrica, Econometric Society, vol. 65(5), pages 1059-1096, September.
- Brock, W.A. & Hommes, C.H., 1995. "Rational Routes to Randomness," Working papers 9506, Wisconsin Madison - Social Systems.
- Brock, W.A., 1995. "A Rational Route to Randomness," Working papers 9530, Wisconsin Madison - Social Systems.
- William A. Brock & Cars H. Hommes, 1995. "Rational Routes to Randomness," Working Papers 95-03-029, Santa Fe Institute.
- Brock, W.A. & Hommes, C.H., 1996. "A Rational Route to Randomness," Working papers 9530r, Wisconsin Madison - Social Systems.
- Holler, Manfred J, 1993. "Fighting Pollution When Decisions Are Strategic," Public Choice, Springer, vol. 76(4), pages 347-356, August.
- Drew Fudenberg & David K. Levine, 1998.
"The Theory of Learning in Games,"
MIT Press Books,
The MIT Press,
edition 1, volume 1, number 0262061945, December.
- Drew Fudenberg & David K. Levine, 1996. "The Theory of Learning in Games," Levine's Working Paper Archive 624, David K. Levine.
- Holler, Manfred J., 1990. "The unprofitability of mixed-strategy equilibria in two-person games : A second folk-theorem," Economics Letters, Elsevier, vol. 32(4), pages 319-323, April.
- Luciano Andreozzi, 2002. "Oscilliations in the Enforcement of Law: an Evolutionary Analysis," Homo Oeconomicus, Institute of SocioEconomics, vol. 18, pages 403-428.
- Hopkins, Ed, 1999.
"A Note on Best Response Dynamics,"
Games and Economic Behavior, Elsevier, vol. 29(1-2), pages 138-150, October.
- Ed Hopkins, 1997. "A Note on Best Response Dynamics," Edinburgh School of Economics Discussion Paper Series 3, Edinburgh School of Economics, University of Edinburgh.
- Michel Benaïm & Josef Hofbauer & Sylvain Sorin, 2012. "Perturbations of Set-Valued Dynamical Systems, with Applications to Game Theory," Dynamic Games and Applications, Springer, vol. 2(2), pages 195-205, June.
- Morgan, John & Sefton, Martin, 2002. "An Experimental Investigation of Unprofitable Games," Games and Economic Behavior, Elsevier, vol. 40(1), pages 123-146, July.
- Vitaly Pruzhansky, 2011. "Some interesting properties of maximin strategies," International Journal of Game Theory, Springer;Game Theory Society, vol. 40(2), pages 351-365, May.
- William A. Brock & Cars H. Hommes, 2001.
"A Rational Route to Randomness,"
Chapters, in: W. D. Dechert (ed.), Growth Theory, Nonlinear Dynamics and Economic Modelling, chapter 16, pages 402-438,
Edward Elgar Publishing.
- William A. Brock & Cars H. Hommes, 1997. "A Rational Route to Randomness," Econometrica, Econometric Society, vol. 65(5), pages 1059-1096, September.
- Brock, W.A. & Hommes, C.H., 1995. "Rational Routes to Randomness," Working papers 9506, Wisconsin Madison - Social Systems.
- William A. Brock & Cars H. Hommes, 1995. "Rational Routes to Randomness," Working Papers 95-03-029, Santa Fe Institute.
- Brock, W.A. & Hommes, C.H., 1996. "A Rational Route to Randomness," Working papers 9530r, Wisconsin Madison - Social Systems.
- Colin F. Camerer & Teck-Hua Ho & Juin Kuan Chong, 2004. "Behavioural Game Theory: Thinking, Learning and Teaching," Palgrave Macmillan Books, in: Steffen Huck (ed.), Advances in Understanding Strategic Behaviour, chapter 8, pages 120-180, Palgrave Macmillan.
- Goeree, Jacob K. & Holt, Charles A. & Palfrey, Thomas R., 2003. "Risk averse behavior in generalized matching pennies games," Games and Economic Behavior, Elsevier, vol. 45(1), pages 97-113, October.
- David Avis & Gabriel Rosenberg & Rahul Savani & Bernhard Stengel, 2010. "Enumeration of Nash equilibria for two-player games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 42(1), pages 9-37, January.
- George J. Mailath, 1998.
"Do People Play Nash Equilibrium? Lessons from Evolutionary Game Theory,"
Journal of Economic Literature, American Economic Association, vol. 36(3), pages 1347-1374, September.
- George J. Mailath, "undated". ""Do People Play Nash Equilibrium? Lessons From Evolutionary Game Theory''," CARESS Working Papres 98-01, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jacob K. Goeree & Charles A. Holt, 2001.
"Ten Little Treasures of Game Theory and Ten Intuitive Contradictions,"
American Economic Review, American Economic Association, vol. 91(5), pages 1402-1422, December.
- Jacob K. Goeree & Charles A. Holt, 2000. "Ten Little Treasures of Game Theory and Ten Intuitive Contradictions," Virginia Economics Online Papers 333, University of Virginia, Department of Economics.
- Jacob K Goeree & Charles A Holt, 2004. "Ten Little Treasures of Game Theory and Ten Intuitive Contradictions," Levine's Working Paper Archive 618897000000000900, David K. Levine.
- Pangallo, Marco & Sanders, James B.T. & Galla, Tobias & Farmer, J. Doyne, 2022.
"Towards a taxonomy of learning dynamics in 2 × 2 games,"
Games and Economic Behavior, Elsevier, vol. 132(C), pages 1-21.
- Marco Pangallo & James Sanders & Tobias Galla & Doyne Farmer, 2017. "Towards a taxonomy of learning dynamics in 2 x 2 games," Papers 1701.09043, arXiv.org, revised Sep 2021.
- Troy Tassier, 2013. "Handbook of Research on Complexity, by J. Barkley Rosser, Jr. and Edward Elgar," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 39(1), pages 132-133.
- Locarno, Alberto & Delle Monache, Davide & Busetti, Fabio & Gerali, Andrea, 2017. "Trust, but verify. De-anchoring of inflation expectations under learning and heterogeneity," Working Paper Series 1994, European Central Bank.
- Bischi, Gian Italo & Kopel, Michael, 2001. "Equilibrium selection in a nonlinear duopoly game with adaptive expectations," Journal of Economic Behavior & Organization, Elsevier, vol. 46(1), pages 73-100, September.
- Antonio Doria, Francisco, 2011. "J.B. Rosser Jr. , Handbook of Research on Complexity, Edward Elgar, Cheltenham, UK--Northampton, MA, USA (2009) 436 + viii pp., index, ISBN 978 1 84542 089 5 (cased)," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1-2), pages 196-204, April.
- Michele Berardi, 2015. "Expectations formation under adaptive learning and evolutionary dynamics," Centre for Growth and Business Cycle Research Discussion Paper Series 206, Economics, The University of Manchester.
- Tassos Patokos, 2014. "Introducing Disappointment Dynamics and Comparing Behaviors in Evolutionary Games: Some Simulation Results," Games, MDPI, vol. 5(1), pages 1-25, January.
- Hommes, Cars H. & Ochea, Marius I., 2012. "Multiple equilibria and limit cycles in evolutionary games with Logit Dynamics," Games and Economic Behavior, Elsevier, vol. 74(1), pages 434-441.
- Teck H. Ho & Xin Wang & Colin F. Camerer, 2008. "Individual Differences in EWA Learning with Partial Payoff Information," Economic Journal, Royal Economic Society, vol. 118(525), pages 37-59, January.
- Benaïm, Michel & Hofbauer, Josef & Hopkins, Ed, 2009.
"Learning in games with unstable equilibria,"
Journal of Economic Theory, Elsevier, vol. 144(4), pages 1694-1709, July.
- Ed Hopkins & Josef Hofbauer & Michel Benaim, 2005. "Learning in Games with Unstable Equilibria," Edinburgh School of Economics Discussion Paper Series 135, Edinburgh School of Economics, University of Edinburgh.
- Michel Benaim & Josef Hofbauer & Ed Hopkins, 2006. "Learning in Games with Unstable Equilibria," Levine's Bibliography 321307000000000547, UCLA Department of Economics.
- Michel Benaim & Josef Hofbauer & Ed Hopkins, 2005. "Learning in Games with Unstable Equilibria," Levine's Bibliography 784828000000000609, UCLA Department of Economics.
- Demichelis, Stefano & Ritzberger, Klaus, 2003.
"From evolutionary to strategic stability,"
Journal of Economic Theory, Elsevier, vol. 113(1), pages 51-75, November.
- DEMICHELIS, Stefano & RITZBERGER, Klaus, 2000. "From evolutionary to strategic stability," LIDAM Discussion Papers CORE 2000059, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Holler Manfred J., 2002. "Classical, Modern, and New Game Theory / Klassische, Moderne und Neue Spieltheorie," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 222(5), pages 556-583, October.
- Mele, Antonio & Molnár, Krisztina & Santoro, Sergio, 2020.
"On the perils of stabilizing prices when agents are learning,"
Journal of Monetary Economics, Elsevier, vol. 115(C), pages 339-353.
- Mele, Antonio & Molnar, Krisztina & Santoro, Sergio, 2014. "On the perils of stabilizing prices when agents are learning," Discussion Paper Series in Economics 1/2015, Norwegian School of Economics, Department of Economics.
- Antonio Mele & Krisztina Molnar & Sergio Santoro, 2015. "On the perils of stabilizing prices when agents are learning," School of Economics Discussion Papers 0215, School of Economics, University of Surrey.
- Mele, Antonio & Molnar, Krisztina & Santoro, Sergio, 2018. "On the perils of stabilizing prices when agents are learning," Discussion Paper Series in Economics 22/2018, Norwegian School of Economics, Department of Economics.
- Antonio Mele & Krisztina Molnár & Sergio Santoro, 2015. "On the Perils of Stabilizing Prices when Agents are Learning," CESifo Working Paper Series 5173, CESifo.
- Cason, Timothy N. & Friedman, Daniel & Hopkins, Ed, 2010.
"Testing the TASP: An experimental investigation of learning in games with unstable equilibria,"
Journal of Economic Theory, Elsevier, vol. 145(6), pages 2309-2331, November.
- Cason, Timothy N. & Friedman, Daniel & Hopkins, Ed H, 2009. "Testing the TASP: An Experimental Investigation of Learning in Games with Unstable Equilibria," Santa Cruz Department of Economics, Working Paper Series qt8kp6c049, Department of Economics, UC Santa Cruz.
- Timothy N. Cason & Daniel Friedman & Ed Hopkins, 2010. "Testing the TASP: An Experimental Investigation of Learning in Games with Unstable Equilibria," Purdue University Economics Working Papers 1233, Purdue University, Department of Economics.
- Cason, Timothy N. & Friedman, Daniel UC & Hopkins, Ed, 2009. "Testing the TASP: An Experimental Investigation of Learning in Games with Unstable Equilibria," SIRE Discussion Papers 2009-15, Scottish Institute for Research in Economics (SIRE).
- Timothy N. Cason & Daniel Friedman & Ed Hopkins, 2009. "Testing the TASP: An Experimental Investigation of Learning in Games with Unstable Equilibria," Edinburgh School of Economics Discussion Paper Series 188, Edinburgh School of Economics, University of Edinburgh.
- Hanaki, Nobuyuki & Ishikawa, Ryuichiro & Akiyama, Eizo, 2009. "Learning games," Journal of Economic Dynamics and Control, Elsevier, vol. 33(10), pages 1739-1756, October.
- Ed Hopkins, 2002.
"Two Competing Models of How People Learn in Games,"
Econometrica, Econometric Society, vol. 70(6), pages 2141-2166, November.
- Ed Hopkins, 1999. "Two Competing Models of How People Learn in Games," Edinburgh School of Economics Discussion Paper Series 42, Edinburgh School of Economics, University of Edinburgh, revised Dec 2000.
- Ed Hopkins, 2001. "Two Competing Models of How People Learn in Games," NajEcon Working Paper Reviews 625018000000000226, www.najecon.org.
- Ed Hopkins, 2000. "Two Competing Models of How People Learn in Games," Edinburgh School of Economics Discussion Paper Series 51, Edinburgh School of Economics, University of Edinburgh, revised Dec 2000.
- Ed Hopkins, 2001. "Two Competing Models of How People Learn in Games," Levine's Working Paper Archive 625018000000000226, David K. Levine.
- Waltman, Ludo & Kaymak, Uzay, 2008. "Q-learning agents in a Cournot oligopoly model," Journal of Economic Dynamics and Control, Elsevier, vol. 32(10), pages 3275-3293, October.
- Michele Berardi, 2021.
"Discrete beliefs space and equilibrium: a cautionary note,"
Journal of Evolutionary Economics, Springer, vol. 31(2), pages 505-532, April.
- Michele Berardi, 2018. "Discrete beliefs space and equilibrium: a cautionary note," Centre for Growth and Business Cycle Research Discussion Paper Series 242, Economics, The University of Manchester.
- Mikhail Anufriev & Cars Hommes & Raoul Philipse, 2013.
"Evolutionary selection of expectations in positive and negative feedback markets,"
Journal of Evolutionary Economics, Springer, vol. 23(3), pages 663-688, July.
- Anufriev, M. & Hommes, C.H. & Philipse, R., 2010. "Evolutionary Selection of Expectations in Positive and Negative Feedback Markets," CeNDEF Working Papers 10-05, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
More about this item
Keywords
; ; ; ; ; ; ;JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:gamebe:v:151:y:2025:i:c:p:108-126. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622836 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.