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We investigate the differences and connections between discrete-space and continuous-space social interaction models. Although our class of continuous-space model has a unique equilibrium, we find that discretized models can have multiple equilibria for any degree of discretization, which...
Persistent link: https://www.econbiz.de/10011118534
possibility for learning to act as coordination device. We build on the framework proposed by Angeletos and Pavan (2007) and … adaptive and eductive learning obtain, and show that adaptive learning conditions are less demanding than the eductive ones: in … in the economy. We also show that adaptive learning dynamics converge to the game theoretical strategic equilibrium …
Persistent link: https://www.econbiz.de/10011112721
Two new properties of a finite strategic game, strong and weak BR-dominance solvability, are introduced. The first property holds, e.g., if the game is strongly dominance solvable or if it is weakly dominance solvable and all best responses are unique. It ensures that every simultaneous best...
Persistent link: https://www.econbiz.de/10005621319
Since the seminal work of Henderson (1981), a number of studies examined the effect of staggered work hours by analyzing models of work start time choice that consider the trade-off between negative congestion externalities and positive production externalities. However, these studies described...
Persistent link: https://www.econbiz.de/10011112352
Neuroeconomics focuses on brain imaging studies mapping neural responses to choice behavior. Economic theory is concerned with choice behavior but it is silent on neural activities. We present a game theoretic model in which players are endowed with an additional structure - a simple "nervous...
Persistent link: https://www.econbiz.de/10005260186
n this paper we propose a pluralistic and multi-dimensional ap- proach to cooperation. Specifically, we seek to show that, in certain settings, less unconditional forms of cooperation may be combined with more gratuitous ones. Starting with the prisoner’s dilemma game, the evolution of...
Persistent link: https://www.econbiz.de/10008596384
thesis makes two distinct contributions in the field of learning game theory and one in the field of evolutionary game theory … tractability, and also to illustrate, complement and extend various analytical derivations. The two extensions to learning game … one of two alternative decision-making processes –case-based reasoning or reinforcement learning– that have received …
Persistent link: https://www.econbiz.de/10005790121
In this paper we will solve some linear programming problems by solving systems of differential equations using game theory. The linear programming problem must be a classical constraints problem or a classical menu problem, i.e. a maximization/minimization problem in the canonical form with all...
Persistent link: https://www.econbiz.de/10005027127
a refinement of subgame-perfection, known as renegotiation proofness, and the second is an aspiration-based learning …
Persistent link: https://www.econbiz.de/10009422023
estimated EWA learning models which suffered from overfitting. Subjects modified their strategies in the direction of better … response as calculated from CA simulations of various learning models, albeit not perfectly. Examples include the observation …
Persistent link: https://www.econbiz.de/10005789888