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Data Mining in Repeated Games

CIIM Nicosia 21 Glafkou Kleride Avenue, Aglandjia, Nicosia

Online Research Seminar 15:30 pm, Thursday, 8 December 2022 We conduct experiments on a rich set of repeated games with high discount factors ( = 0.99; 0.995) and develop two pattern-mining methods to study the long run. Our approach emphasizes learning within a repeated game and documents its consequences. Whether, how and what patterns emerge are the subjects of this paper. We find that there is more stability, more efficiency, and more equality at the end of play than at the beginning. Moreover, subjects reach more complex agreements over time. We are also able to detect typical story lines relating long [...]