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said for the behavior and thinking patterns---the psychology---of biological creatures such as ourselves. The human mind … his theory, "psychology will be placed on a new foundation." [1] <p> After a long period in which the two fields were … prominently in an area called "Evolutionary Psychology." Just as evolutionary biologists attempt to explain the morphology and …
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Rationality is a complex behavioral theory that can be parsed into statements about preferences, perceptions, and … process. This paper looks at the evidence on rationality that is provided by behavioral experiments, and argues that most … least with rationality narrowly defined. The paper discusses how these cognitive anomalies influence economic behavior and …
Persistent link: https://www.econbiz.de/10005837711
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...
Persistent link: https://www.econbiz.de/10005791038
his or her prediction of the opponentsÕ strategies. We demonstrate that there is an inherent tension between rationality …
Persistent link: https://www.econbiz.de/10005791069