Learning and decision costs in one-perso
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Charles Romeo; Barry Sopher
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Article
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1999
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John Wiley and Sons
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English
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This paper reports the results of a two-part data analysis of learning in a repeated costly decision experiment. In the ยฎrst part we test payo dominance under the hypothesis of expected payo maximization. We utilize a dynamic probability distribution over decisions for each player, characterizing wh