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networks and show that those with larger maximum independent sets can sustain greater levels of inequality. The intuition … behind this result is that networks with larger maximum independent sets are more sparse and hence offer fewer opportunities … show that the ranking of networks by the extent of extremal inequality is not invariant in k. …
Persistent link: https://www.econbiz.de/10011092255
of learning by doing.This paper provides discrete-time adjustment processes for strategic games in which players display … the recent past, in line with much of the literature on learning.These processes eventually settle down in the minimal …
Persistent link: https://www.econbiz.de/10011090704
: players need to choose between two options, and those who have selected the option chosen by the minority win. The learning … model proposed in this literature seems to differ markedly from the learning models commonly used in economics. We relate … the learning model from the minority game literature to standard game-theoretic learning models, and show that in fact it …
Persistent link: https://www.econbiz.de/10011091847
several well-known learning processes in the minority game with an arbitrary odd number of players. Interestingly, different … learning processes provide considerably different predictions. …
Persistent link: https://www.econbiz.de/10011092544