Showing 1 - 10 of 50
We present a model of learning in which agents learn from errors. If an action turns out to be an error, the agent rejects not only that action but also neighboring actions. We find that, keepng memory of his errors, under mild assumptions an acceptable solution is asymptotically reached....
Persistent link: https://www.econbiz.de/10005572182
We examine a strategic-choice handicap model in which males send costly signals to advertise their quality to females. Females are concerned with the net viability of the male with whom they mate, where net viability is a function of the male's quality and signal. We identify circumstances in...
Persistent link: https://www.econbiz.de/10004968337
One of the key assumptions of neoclassical economics is the existence of the rational individual, who always tries to maximize his or her utility. The paper shows possibilities of experimental evaluation of this hypothesis with respect to the various groups of people who undertake the...
Persistent link: https://www.econbiz.de/10008754965
Persistent link: https://www.econbiz.de/10000942152
Persistent link: https://www.econbiz.de/10000961508
Persistent link: https://www.econbiz.de/10000914003
Persistent link: https://www.econbiz.de/10000919193
Persistent link: https://www.econbiz.de/10000672862
Persistent link: https://www.econbiz.de/10001232233