Does Reasoning Enhance Learning?

Universitat Pompeu Fabra, Department of Economics Working Paper No. 185

Posted: 11 Jun 1997

See all articles by Nicolaas J. Vriend

Nicolaas J. Vriend

Queen Mary, University of London - Department of Economics

Date Written: October 1996

Abstract

Utilizing the well-known Ultimatum Game, this note presents the following phenomenon. If we start with simple stimulus- response agents, learning through naive reinforcement, and then grant them some introspective capabilities, we get outcomes that are not closer but farther away from the fully introspective game-theoretic approach. The cause of this is the following: there is an asymmetry in the information that agents can deduce from their experience, and this leads to a bias in their learning process.

JEL Classification: C7, D8

Suggested Citation

Vriend, Nicolaas J., Does Reasoning Enhance Learning? (October 1996). Universitat Pompeu Fabra, Department of Economics Working Paper No. 185. Available at SSRN: https://ssrn.com/abstract=8576

Nicolaas J. Vriend (Contact Author)

Queen Mary, University of London - Department of Economics ( email )

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