Learning in Networks - An Experimental Study using Stationary Concepts

Siegried K. Berninghaus, Thomas Neumann and Bodo Vogt
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Siegried K. Berninghaus: Karlsruhe Institute of Technology (KIT), Institute for Economic Theory and Statistics
Bodo Vogt: Otto-von-Guericke-University Magdeburg, Faculty of Economics and Management, Empirical Economics

No 2011-048, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: Our study analyzes theories of learning for strategic interactions in networks. Participants played two of the 2 x 2 games used by Selten and Chmura (2008) and in the comment by Brunner, Camerer and Goeree (2009). Every participant played against four neighbors and could choose a different strategy against each of them. The games were played in two network structures: a attice and a circle. We compare our results with the predictions of different theories (Nash equilibrium, quantal response equilibrium, action-sampling equilibrium, payoff-sampling equilibrium, and impulse balance equilibrium) and the experimental results of Selten and Chmura (2008). One result is that the majority of players choose the same strategy against each neighbor. As another result we observe an order of predictive success for the stationary concepts that is different from the order shown by Selten and Chmura. This result supports our view that learning in networks is different from learning in random matching.

Keywords: experimental economics; networks; learning (search for similar items in EconPapers)
JEL-codes: C70 C73 C91 D83 D85 (search for similar items in EconPapers)
Date: 2011-10-19
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp, nep-gth and nep-net
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Related works:
Journal Article: Learning in Networks—An Experimental Study Using Stationary Concepts (2014)
Working Paper: Learning in networks: An experimental study using stationary concepts (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2011-048

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