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Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/51900
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Gerdes, Christer | | en_US |
| dc.contributor.author | | Gränsmark, Patrik | | en_US |
| dc.contributor.author | | Rosholm, Michael | | en_US |
| dc.date.accessioned | | 2011-10-12 | | en_US |
| dc.date.accessioned | | 2011-11-23T11:39:01Z | | - |
| dc.date.available | | 2011-11-23T11:39:01Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.pi | | urn:nbn:de:101:1-201107283903 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/51900 | | - |
| dc.description.abstract | | We examine rational learning among expert chess players and how they update their beliefs in repeated games with the same opponent. We present a model that explains how equilibrium play is affected when players change their choice of strategy when receiving additional information from each encounter. We employ a large international panel dataset with controls for risk preferences and playing skills whereby the latter accounts for ability. Although expert chess players are intelligent, productive and equipped with adequate data and specialized computer programs, we find large learning effects. Moreover, as predicted by the model, risk-averse players learn substantially faster. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | IZA Bonn | | en_US |
| dc.relation.ispartofseries | | Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5862 | | en_US |
| dc.subject.jel | | C73 | | en_US |
| dc.subject.jel | | D83 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | rational learning | | en_US |
| dc.subject.keyword | | risk aversion | | en_US |
| dc.subject.keyword | | beliefs | | en_US |
| dc.title | | Chicken or checkin'? Rational learning in repeated chess games | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 669714658 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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