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, other relevant elements affecting it; (3) experience and learning seem also to play a relevant role in influencing the … evolution of satisfaction. In fact, a training in a situation in which coordination is difficult, improve the mean levels of … literature on individual decision making and on Herbert Simon's satisficing model. …
Persistent link: https://www.econbiz.de/10005561802
[Goldman 1971]. Genetic Algorithms were developed following the biological mechanisms of evolution. Action Trees are used in … which one can describe the learning behaviour of agents and the changes in action spaces. Using the extremely simplified …
Persistent link: https://www.econbiz.de/10005076915
Learning is modeled as an infection, which jumps from person to person. The rate of infection mimics individual …
Persistent link: https://www.econbiz.de/10005125641
existence of two different regimes depending on learning speed. Finally, classifier systems and neural networks as data mining …
Persistent link: https://www.econbiz.de/10005561518
Agent-based computational economics (ACE) is the computational study of economies modeled as evolving systems of autonomous interacting agents. Starting from initial conditions, specified by the modeler, the computational economy evolves over time as its constituent agents repeatedly interact...
Persistent link: https://www.econbiz.de/10005076916
We develop a general model of best response adaptation in large populations for symmetric and asymmetric conflicts with role-switching. For special cases including the classical best response dynamics and the symmetrized best response dynamics we show that the set of Nash equilibria is...
Persistent link: https://www.econbiz.de/10005062353
of evolutionary and learning processes in this game. Only the continuous best response dynamic uniquely selects the …
Persistent link: https://www.econbiz.de/10005550927
possible in some cases. However, once consumer learning is introduced, the monopoly outcome first found by Diamond (1971) is …
Persistent link: https://www.econbiz.de/10005118556
- replication, evolution, adaptation, self-organization, exploitation, competition, cooperation, and social network formation. Alife …
Persistent link: https://www.econbiz.de/10005076914
This study investigates the performance of Gale-Shapley matching in an evolutionary market context. Computational experimental findings are reported for an evolutionary match-and-play trade network game in which resource-constrained traders repeatedly choose and refuse trade partners in...
Persistent link: https://www.econbiz.de/10005407577