This project, a collaboration between a psychologist and economist, investigates learning and adaptive behavior in economic environments. The work has experimental, computational, and theoretical components. Broadly speaking, the aim is to help to develop game theory to make it more descriptive of observed behavior and to conduct experiments to test such theory and suggest directions for empirical work in naturally occurring markets. The larger goal is to help to understand how economic actors behave when they are learning about the economic environment, and how this may differ from their behavior when they have become very experienced with that environment.

Agency
National Science Foundation (NSF)
Institute
Division of Social and Economic Sciences (SES)
Application #
9730506
Program Officer
Hal R. Arkes
Project Start
Project End
Budget Start
1998-05-01
Budget End
1999-04-20
Support Year
Fiscal Year
1997
Total Cost
$118,809
Indirect Cost
Name
University of Pittsburgh
Department
Type
DUNS #
City
Pittsburgh
State
PA
Country
United States
Zip Code
15213