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Learning Under Little Information: An Experiment on Mutual Fate Control

  • Atanasios Mitropoulos

    (Otto-von-Guericke-University Magdeburg)

Reinforcement learning has proved quite successful in predicting subjects' adjustment behaviour in repeatedly played simple games. However, reinforcement learning does not predict convergence to the efficient cell in the minimal information game of mutual fate control, while earlier psychologists' experiments show some tendency to convergence. Our rivalling learning rule, a modification of win-stay lose-change, does predict convergence. We perform an experiment using modern economic methodology and compare these two learning rules. Our results are unfavourable for both reinforcement learning as well as win- stay lose-change. The data rather support the view that subjects search by using patterns.

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Paper provided by EconWPA in its series Game Theory and Information with number 0110003.

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Length: 33 pages
Date of creation: 18 Oct 2001
Date of revision:
Handle: RePEc:wpa:wuwpga:0110003
Note: Type of Document - Acrobat PDF; prepared on IBM PC - MS-Word; to print on HP A4 size; pages: 33; figures: included. revised version appeared in the Journal of Economic Psychology 22 (2001) 523-557
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  1. T. Borgers & R. Sarin, 2010. "Learning Through Reinforcement and Replicator Dynamics," Levine's Working Paper Archive 380, David K. Levine.
  2. Hon-Snir, Shlomit & Monderer, Dov & Sela, Aner, 1998. "A Learning Approach to Auctions," Journal of Economic Theory, Elsevier, vol. 82(1), pages 65-88, September.
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  9. Cheung, Yin-Wong & Friedman, Daniel, 1997. "Individual Learning in Normal Form Games: Some Laboratory Results," Games and Economic Behavior, Elsevier, vol. 19(1), pages 46-76, April.
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  13. Steffen Huck & Hans-Theo Normann & Joerg Oechssler, 1998. "Does information about competitors' actions increase or decrease competition in experimental oligopoly markets?," Industrial Organization 9803004, EconWPA.
  14. Mookherjee Dilip & Sopher Barry, 1994. "Learning Behavior in an Experimental Matching Pennies Game," Games and Economic Behavior, Elsevier, vol. 7(1), pages 62-91, July.
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  17. repec:tpr:qjecon:v:87:y:1973:i:2:p:239-66 is not listed on IDEAS
  18. Kalai, Ehud & Lehrer, Ehud, 1995. "Subjective games and equilibria," Games and Economic Behavior, Elsevier, vol. 8(1), pages 123-163.
  19. Colin Camerer & Teck-Hua Ho, 1999. "Experience-weighted Attraction Learning in Normal Form Games," Econometrica, Econometric Society, vol. 67(4), pages 827-874, July.
  20. Milgrom, Paul & Roberts, John, 1990. "Rationalizability, Learning, and Equilibrium in Games with Strategic Complementarities," Econometrica, Econometric Society, vol. 58(6), pages 1255-77, November.
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