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We introduce a methodology to infer players' unobserved multi-period strategies from their observed stage game actions in economic decision-making experiments. We use finite-state automata to model multi-period strategies by employing an algorithm that synthesizes a minimal state automaton from...
Persistent link: https://www.econbiz.de/10005706711
We propose the use of a new technique -- symbolic regression -- as a method for inferring the strategies that are being played by subjects in economic decision-making experiments. We begin by describing symbolic regression and our implementation of this technique using genetic programming. We...
Persistent link: https://www.econbiz.de/10005706713
In an electoral framework of unidimensional two-candidate spatial competition with probabilistic voting, special interest groups present candidates with schedules that give the level of campaign contribution they will make for each feasible candidate policy location. Candidates, motivated by the...
Persistent link: https://www.econbiz.de/10005260357
A large body of literature documents that returns from currency speculation are highly volatile and possess a predictable component, which is itself highly volatile and serially correlated. Explaining the returns from currency speculation through the presence of a risk premium has proven...
Persistent link: https://www.econbiz.de/10005260358
Self-organizing maps (SOM) are unsupervised, competitive neural networks used to project high-dimensional data onto a low-dimensial space. In this article we show how SOM can be sued to draw graphs in the plane. The SOM-based approach to graph drawing, which belongs to the general class of...
Persistent link: https://www.econbiz.de/10005260359
We show that a wide variety of nonlinear cellular automata can be written as a semidirect product of linear ones, and that these CAs can be predicted in parallel time [cal O](log[super 2] t). This class includes any CA whose rule, when written as an algebra, is a solvable group. <p> We also show,...</p>
Persistent link: https://www.econbiz.de/10005260360
This paper describes the dynamics of adaptation in a two-country, overlapping generations economy with no restrictions on foreign currency holdings. Governments of both countries finance their deficits via seignorage. Agents in this economy are boundedly rational. They use the genetic algorithm...
Persistent link: https://www.econbiz.de/10005260361
We study the simple evolutionary process in which we repeatedly find the least fit agent in a population of agents and give it a new fitness which is chosen independently at random from a specified distribution. We show that many of the average properties of this process can be calculated...
Persistent link: https://www.econbiz.de/10005260362
The distinction between continuous and discontinuous transitions is a long-standing problem in the theory of evolution. Continuity being a topological property, we present a formalism that treats the space of phenotypes as a (finite) topological space, with a topology that is derived from the...
Persistent link: https://www.econbiz.de/10005260363
At its first meeting in 1986 the Computer Science and Technology Board, National Research Council, identified six critical national issues. <p> I discuss these six issues as they appeared in 1986 and how they appear for my 1996 vintage. <p> There was a seventh critical issue which I did not want to...</p></p>
Persistent link: https://www.econbiz.de/10005260364