Relative versus Absolute Speed of Adjustment in Strategic Environments: Responder Behavior in Ultimatum Games
通过操控提议者和回应者的经验积累,实验检验了学习模型中相对调整速度对长期行为的影响,首次观察到回应者的预测性学习。
Abstract Learning models predict that the relative speed at which players in a game adjust their behavior has a critical influence on long term behavior. In an ultimatum game, the prediction is that proposers learn not to make small offers faster than responders learn not to reject them. We experimentally test whether relative speed of learning has the predicted effect, by manipulating the amount of experience accumulated by proposers and responders. The experiment allows the predicted learning by responders to be observed, for the first time.