Adaptive learning, adaptive utility, and rational behavior in a repeated prisoner's dilemma

Michael J. Moore; Marian Chapman Moore

doi:10.1007/BF00356862

Adaptive learning, adaptive utility, and rational behavior in a repeated prisoner's dilemma

Michael J. Moore^*, Marian Chapman Moore

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

5 Scopus citations

Abstract

Two dimensions of learning are explored in a repeated prisoner's dilemma experiment. Subject update their perceptions of the true model of their opponent's behavior. Subjects also update their beliefs Kraft Funds at the Fuqua School of Business, helpful comments by Robert Axelrod, Michael Cohen, Fred Feinberg, J. Keith Murnighan, Kip Viscusi, Bob Winkler, and two anonymous referees, and the programming assistance of Oris Stuart and Michael Guiry.

Original language	English (US)
Pages (from-to)	367-383
Number of pages	17
Journal	Journal of Risk and Uncertainty
Volume	2
Issue number	4
DOIs	https://doi.org/10.1007/BF00356862
State	Published - Dec 1989
Externally published	Yes

Keywords

adaptive learning
adaptive utility
rational behavior

ASJC Scopus subject areas

Accounting
Finance
Economics and Econometrics

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10.1007/BF00356862

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AB - Two dimensions of learning are explored in a repeated prisoner's dilemma experiment. Subject update their perceptions of the true model of their opponent's behavior. Subjects also update their beliefs Kraft Funds at the Fuqua School of Business, helpful comments by Robert Axelrod, Michael Cohen, Fred Feinberg, J. Keith Murnighan, Kip Viscusi, Bob Winkler, and two anonymous referees, and the programming assistance of Oris Stuart and Michael Guiry.

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Adaptive learning, adaptive utility, and rational behavior in a repeated prisoner's dilemma

Abstract

Keywords

ASJC Scopus subject areas

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