Naslov
Empirical Learning Styles in Simulation of Investment Game

Autori
Fabac, Robert ; Radošević, Danijel ; Kozina, Melita

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
CECIIS 2008 Conference Proceedings / Boris Aurer, Miroslav Bača, Kornelije Rabuzin - Varaždin : Fakultet organizacije i informatike Sveučilišta u Zagrebu, 2008, 341-346

ISBN
978-953-6071-04-3

Skup
Central European Conference on Information and Intelligent Systems (CECiiS), 19th International Conference 2008

Mjesto i datum
Varaždin, Hrvatska, 24.09.2008. - 26.09.2008

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Consideration index; decision-making; empirical learning; payoff; reduced backward information; strategic choice

Sažetak
Environment in which an individual makes decisions may be quickly changing, i.e. volatile, causing a change in perception as far as available versions of decision are concerned. By reaching decisions through time, an individual learns based on personal experience, i.e. based on feedback on possible and actual results of relevant decisions. For the purpose of this research, we developed a game containing elements of a strategy and allowing a simulation of decision-making by a number of individuals. Empirical testing on a sample of players was to determine styles of learning and decision-making. As far as choices of strategy are concerned, it was determined that there is a significant sensitivity of players toward negative changes of payoff. Reactions to "missed opportunity" modeled according to Camerer's Consideration Index are shown through various intensities of changes in inhabiting of successful and unsuccessful strategies.

Izvorni jezik
Engleski

Znanstvena područja
Informacijske i komunikacijske znanosti

POVEZANOST RADA