From imitation to collusion: long-run learning in a low-information environment

DOI10.1016/j.jet.2014.10.006zbMath1309.91090OpenAlexW2234046493MaRDI QIDQ2254039

Yanyan Li

Publication date: 4 February 2015

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2014.10.006

zbMATH Keywords

Cournot oligopolycooperationimitationlearning dynamics

Mathematics Subject Classification ID

Rationality and learning in game theory (91A26) Special types of economic markets (including Cournot, Bertrand) (91B54)

Related Items (17)

Game theory-inspired evolutionary algorithm for global optimization ⋮ Evolutionary game theory: a renaissance ⋮ Learning by similarity-weighted imitation in winner-takes-all games ⋮ Applying ``theory of mind: theory and experiments ⋮ The black box as a control for payoff-based learning in economic games ⋮ Fostering collusion through action revision in duopolies ⋮ Learning through period and physical time ⋮ Experimental oligopolies modeling: a dynamic approach based on heterogeneous behaviors ⋮ Framing and repeated competition ⋮ Coordination and evolutionary dynamics: when are evolutionary models reliable? ⋮ The strategic environment effect in beauty contest games ⋮ Information and coordination frictions in experimental posted offer markets ⋮ Attainment of equilibrium via Marshallian path adjustment: queueing and buyer determinism ⋮ Real-time tacit bargaining, payoff focality, and coordination complexity: experimental evidence ⋮ An oligopoly model with rational and imitation rules ⋮ Learning and dropout in contests: an experimental approach ⋮ Games with coupled populations: an experiment in continuous time

Uses Software

• ORSEE

Cites Work

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• Rational cooperation in the finitely repeated prisoners' dilemma
• Why imitate, and if so, how? A boundedly rational approach to multi-armed bandits
• On the convergence of reinforcement learning
• Imitation and the evolution of Walrasian behavior: theoretically fragile but behaviorally robust
• Continuous-time strategy selection in linear population games
• Zero-knowledge cooperation in dilemma games
• Imitation-theory and experimental evidence
• The evolutionary stability of perfectly competitive behavior
• The Evolution of Walrasian Behavior
• Imitation and Belief Learning in an Oligopoly Experiment

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