Sophisticated Learning and Learning Sophistication
14 Pages Posted: 27 Jun 2003
Date Written: March 2003
Abstract
We test the population rule learning model for symmetric normal-form games, and strongly reject: (i) no rule learning, (ii) no diversity, and (iii) no sophisticated evidence. Further, trembles and herd behavior decline and level-2 behavior increases over time.
Keywords: rule learning, normal-form games, sophisticated learninf
JEL Classification: C15, C52, C72
Suggested Citation: Suggested Citation
Stahl, Dale O., Sophisticated Learning and Learning Sophistication (March 2003). Available at SSRN: https://ssrn.com/abstract=410921 or http://dx.doi.org/10.2139/ssrn.410921
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