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Reinforcement learning has proved quite successful in predicting subjects' adjustment behaviour in repeatedly played … simple games. However, reinforcement learning does not predict convergence to the efficient cell in the minimal information … learning rule, a modification of win-stay lose-change, does predict convergence. We perform an experiment using modern economic …
Persistent link: https://www.econbiz.de/10005407543
information. This way we are able to investigate (i) the coordination abilities of the subjects depending on the underlying game …, (ii) the resulting efficiency loss, and (iii) the adjustment of the learning rule. …
Persistent link: https://www.econbiz.de/10005407575
This paper aims at analysing the effects of learning on the individual behaviour in an experiment that requires … cooperation and coordination within teams. Using artificial agents, different social contests are created, as training … apply them also in other situations) and propose new hypothesis. Learning is not only based on a mechanical repetition of …
Persistent link: https://www.econbiz.de/10005407620
A “framing” effect occurs when an agent’s choices are not invariant under changes in the way a choice problem is formulated, e.g. changes in the way the options are described (violation of description invariance) or in the way preferences are elicited (violation of procedure invariance)....
Persistent link: https://www.econbiz.de/10005135085
It is known that majority voting among several individuals on logically interconnected propositions may generate irrational collective judgments. We generalize majority voting by considering quota rules, which accept each proposition if and only if the number of individuals accepting it exceeds...
Persistent link: https://www.econbiz.de/10005408431
competencias o características regionales, y las interacciones que a modo de Redes de Innovación (Innovation Networks) se producen …
Persistent link: https://www.econbiz.de/10005412804
market and policy barriers to carbon low technological alternatives. We address the coordination role for authorities rather … stakeholder learning that creates commitment to desired action for escaping lock-in. …
Persistent link: https://www.econbiz.de/10005556155
The investment acceleration principle is a heuristic for modeling investment time series out of consumption time series. The model presented herein develops a disaggregated accelerator equation whose coefficients are the weights of a Kohonen neural net that represents firms' decision-making....
Persistent link: https://www.econbiz.de/10005413002
Viewing human being, as a part of evolution process is still a controversial issue for some people, in fact the evolution runs. As a sociocultural entity, human being has distinctive characters in its evolution process. A Theory inherited from Darwin may have only been able to answer how a...
Persistent link: https://www.econbiz.de/10005561513
standpoint of knowledge asymmetry the question of a central government in a federation becomes primarily a story of coordination …
Persistent link: https://www.econbiz.de/10005125888