We analyse the bidding behaviour of buyers in a modified Acquiring-a-Company game allowing for strategic interaction and extensive learning in light of the decisions ofthe sellers. The benchmark solution, based on risk-neutral players, does not organise the data well. However, we show that the buyers’ choices are consistent with a suitable version of Learning Direction Theory, which we name Weak Learning DirectionTheory.
(2026). The Archer in the Mist: The Acquiring-a-Company game and Weak Learning Direction Theory [journal article - articolo]. In ITALIAN ECONOMIC JOURNAL. Retrieved from https://hdl.handle.net/10446/328925
The Archer in the Mist: The Acquiring-a-Company game and Weak Learning Direction Theory
Cosma, Antonio;
2026-06-11
Abstract
We analyse the bidding behaviour of buyers in a modified Acquiring-a-Company game allowing for strategic interaction and extensive learning in light of the decisions ofthe sellers. The benchmark solution, based on risk-neutral players, does not organise the data well. However, we show that the buyers’ choices are consistent with a suitable version of Learning Direction Theory, which we name Weak Learning DirectionTheory.| File | Dimensione del file | Formato | |
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