Showing 1 - 9 of 9
behavior that emerge in the market as a function of evolutionary learning rate, and to explain these emergent behaviors. We …
Persistent link: https://www.econbiz.de/10005790623
In this paper we study a simple learning paradigm for iterated normal form games in an evolutionary context. Following …
Persistent link: https://www.econbiz.de/10005790627
Persistent link: https://www.econbiz.de/10005790676
A model of division of labour in insect societies based on variable response thresholds is introduced. Response thresholds refer to likelihood of reacting to task-associated stimuli. Low threshold individuals perform tasks at a lower level of stimulus than high threshold individuals. Within...
Persistent link: https://www.econbiz.de/10005790798
We investigate the problem of learning to play a generalized rock-paper-scissors game. Each player attempts to improve … her average score by adjusting the frequency of the three possible responses. For the zero-sum case the learning process … displays Hamiltonian chaos. The learning trajectory can be simple or complex, depending on initial conditions. For the non …
Persistent link: https://www.econbiz.de/10005791038
approximately) no matter what learning rule they use. The reason is that, in trying to predict the next-period behavior of an …
Persistent link: https://www.econbiz.de/10005791069
There is increasing evidence that collective behavior, such as social choice, price dynamics, and strategic behavior, is related to nonlinear dynamics and thus has the potential for instability and complex behavior. This paper presents experimental results where subjects are placed in a...
Persistent link: https://www.econbiz.de/10005739897
The study of learning in games encompasses two research lines: (1) explaining the aggregate stability of classes of … games when players use inductive reasoning, and (2) explaining the learning rules used by actual players. We mix approaches … by considering both stability and learning rules in terms of a partition of the strategy space, where changes to the …
Persistent link: https://www.econbiz.de/10005739901
There is increasing evidence that collective behavior, such as social choice, price dynamics, and strategic behavior, is related to nonlinear dynamics and thus has the potential for instability and complex behavior. This paper presents experimental results where subjects are placed in a...
Persistent link: https://www.econbiz.de/10005623639