Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22901
Authors: 
Chmura, Thorsten
Pitz, Thomas
Year of Publication: 
2004
Series/Report no.: 
Bonn Econ Discussion Papers No. 24/2004
Publisher: 
University of Bonn, Bonn Graduate School of Economics (BGSE), Bonn
Abstract: 
The paper reports simulations applied on two similar congestion games: the first is the classical minority game. The second one is a asymmetric variation of the minority game with linear payoff functions. For each game simulation results based on an extended reinforcement algorithm are compared with real experimental statistics. It is shown that the extension of the reinforcement model is essential for fitting the experimental data and estimating the players behaviour.
Subjects: 
congestion game
minority game
laboratory experiments
reinforcement algorithm
payoff sum model
JEL: 
C91
C92
C15
R4
Document Type: 
Working Paper

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