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Learning spillover and analogy-based expectations: a multi-game experiment

Huck, S.; Jehiel, P.; Rutter, T.; (2007) Learning spillover and analogy-based expectations: a multi-game experiment. (ELSE Working Papers 234). ESRC Centre for Economic Learning and Social Evolution: London, UK. Green open access

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Abstract

We consider a multi-game interactive learning environment and ask ourselves whether long run behaviors in one game are a¤ected by behaviors in the other, i.e whether there are learning spillovers. Our main �nding is that learning spillovers arise whenever the feedback provided to subjects about past play is not easily accessible game by game and thus subjects get a more immediate impression about aggregate distributions. In such a case, long run behaviors stabilize to an analogy-based expectation equilibrium (Jehiel 2005), thereby suggesting how one should broaden the notion of equilibrium to cope with learning spillovers.

Type: Working / discussion paper
Title: Learning spillover and analogy-based expectations: a multi-game experiment
Open access status: An open access version is available from UCL Discovery
Publisher version: http://else.econ.ucl.ac.uk/newweb/papers.php#2007
Language: English
Keywords: C72, D82
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/14462
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