Showing 1 - 6 of 6
This paper analyzes a model of learning by imitation, where besides the decision maker, there is a population of … is proportional imitation: the change in the probability attached to the played action is proportional to the difference …
Persistent link: https://www.econbiz.de/10010845504
of simple imitation rules that includes tit-for-tat but also imitate-the-best and imitate-if-better. Every decision rule …
Persistent link: https://www.econbiz.de/10010993382
This paper analyzes players’ long-run behavior in evolutionary coordination games with imitation and one … CitationID="CR2">2008</CitationRef>) and our results, we conclude that players’ long-run behavior varies with imitation rules and …
Persistent link: https://www.econbiz.de/10010993423
Persistent link: https://www.econbiz.de/10005178865
Persistent link: https://www.econbiz.de/10005178867
We report results of experiments designed to test the predictions of the best-reply process. In a Cournot oligopoly with four firms, the best-reply process should theoretically explode if demand and cost functions are linear. We find, however, no experimental evidence of such instability....
Persistent link: https://www.econbiz.de/10005375616