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In this paper I define an evolutionary stability criterion for learning rules. Using Monte Carlo simulations, I then … apply this criterion to a class of learning rules that can be represented by Camerer and Ho's (1999) model of learning. This … class contains perturbed versions of reinforcement and belief learning as special cases. A large population of individuals …
Persistent link: https://www.econbiz.de/10001622441
player role, is drawn to play and chooses a pure strategy according to her personal learning rule after observing a sample …
Persistent link: https://www.econbiz.de/10001622442