Learning in the trust game

Journal article: We use experimental data from a repeated trust game to estimate structural learning models that allow a differentiation of the learning processes of the two players. We find that the two players cannot be described by the same learning process. Long run simulations then show that the interaction of the two estimated types of players can lead to contrasted outcomes.

Author(s)

Claude Meidinger, Antoine Terracol

Journal
  • Revue de Philosophie Economique / Review of Economic Philosophy
Date of publication
  • 2012
Keywords JEL
C91 D03 D83
Keywords
  • Simulations
  • Learning
  • Beliefs
  • Reinforcment
  • Simulations
Pages
  • 155-174
Version
  • 1
Volume
  • 13