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Imitation with intention and memory: An experiment

  • Matthey, Astrid

The experiment described in this paper analyzes imitation in an individual learning context. It supplements the results obtained for imitation in evolutionary processes. The paper makes three main contributions. First, it provides a clear distinction between intentional imitation and genuine learning. Second, it shows that players consider more than just last period's performance when choosing imitation examples. This contrasts with the assumption in most theoretical and experimental research. Third, since the design makes imitation explicit, it allows a detailed analysis of imitation behavior, showing that players do not imitate rationally.

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File URL: http://www.sciencedirect.com/science/article/B6W5H-50DW3V1-6/2/5ada5528b981dd03c00eaccb7af4e8ee
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Article provided by Elsevier in its journal Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).

Volume (Year): 39 (2010)
Issue (Month): 5 (October)
Pages: 585-594

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Handle: RePEc:eee:soceco:v:39:y:2010:i:5:p:585-594
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/620175

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  1. Fernando Vega Redondo, 1996. "The evolution of walrasian behavior," Working Papers. Serie AD 1996-05, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  2. Altavilla, Carlo & Luini, Luigi & Sbriglia, Patrizia, 2006. "Social learning in market games," Journal of Economic Behavior & Organization, Elsevier, vol. 61(4), pages 632-652, December.
  3. Huck, Steffen & Normann, Hans-Theo & Oechssler, Jorg, 1999. "Learning in Cournot Oligopoly--An Experiment," Economic Journal, Royal Economic Society, vol. 109(454), pages C80-95, March.
  4. Alos-Ferrer, Carlos, 2004. "Cournot versus Walras in dynamic oligopolies with memory," International Journal of Industrial Organization, Elsevier, vol. 22(2), pages 193-217, February.
  5. Antoni Bosch-DomËnech & Nicolaas J. Vriend, 2003. "Imitation of successful behaviour in cournot markets," Economic Journal, Royal Economic Society, vol. 113(487), pages 495-524, 04.
  6. Fudenberg, Drew & Imhof, Lorens, 2006. "Imitation Processes with Small Mutations," Scholarly Articles 3190369, Harvard University Department of Economics.
  7. Karl H. Schlag, . "Why Imitate, and if so, How? A Bounded Rational Approach to Multi- Armed Bandits," ELSE working papers 028, ESRC Centre on Economics Learning and Social Evolution.
  8. Josephson, Jens & Matros, Alexander, 2000. "Stochastic Imitation in Finite Games," SSE/EFI Working Paper Series in Economics and Finance 363, Stockholm School of Economics, revised 26 Nov 2002.
  9. James Bergin & Dan Bernhardt, 1999. "Comparative Dynamics," Working Papers 981, Queen's University, Department of Economics.
  10. Schlag, Karl H., 1994. "Why Imitate, and if so, How? Exploring a Model of Social Evolution," Discussion Paper Serie B 296, University of Bonn, Germany.
  11. Reinhard Selten & Jose Apesteguia, 2002. "Experimentally Observed Imitation and Cooperation in Price Competition on the Circle," Bonn Econ Discussion Papers bgse19_2002, University of Bonn, Germany.
  12. David K Levine & Wolfgang Pesendorfer, 2005. "Evolution of Cooperation Through Imitation," Levine's Working Paper Archive 7630, David K. Levine.
  13. Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer, vol. 10(2), pages 171-178, June.
  14. Levine, David K. & Pesendorfer, Wolfgang, 2007. "The evolution of cooperation through imitation," Games and Economic Behavior, Elsevier, vol. 58(2), pages 293-315, February.
  15. Schlag, Karl H., 1996. "Which one should I imitate?," Discussion Paper Serie B 365, University of Bonn, Germany.
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