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active learning possibilities has e®ects on the optimal interest rate rule followed by the central bank.For a wide range of …
Persistent link: https://www.econbiz.de/10011091257
: 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