Showing 1 - 9 of 9
Persistent link: https://www.econbiz.de/10000888041
Persistent link: https://www.econbiz.de/10001614016
Persistent link: https://www.econbiz.de/10001708158
Abstract We study long run implications of reinforcement learning when two players repeatedly interact with one another over multiple rounds to play a finite action game. Within each round, the players play the game many successive times with a fixed set of aspirations used to evaluate payoff...
Persistent link: https://www.econbiz.de/10014588979
We model political parties as adaptive decision-makers who compete in a sequence of elections. The key assumptions are that <italic>winners satisfice</italic> (the winning party in period <italic>t</italic> keeps its platform in <italic>t</italic> + 1) while <italic>losers search</italic>. Under fairly mild assumptions about losers' search rules, we show that...
Persistent link: https://www.econbiz.de/10010990826
We study long run implications of reinforcement learning when two players repeatedly interact with one another over multiple rounds to play a finite action game. Within each round, the players play the game many successive times with a fixed set of aspirations used to evaluate payoff experiences...
Persistent link: https://www.econbiz.de/10005579446
Persistent link: https://www.econbiz.de/10001136358
Persistent link: https://www.econbiz.de/10005741571
The celebration of communitarianism by political philosophers (Sandel 1982) has apparently been extended to strategic analyses of ascriptively attuned norms (Fearon and Laitin 1996)—an intriguing development, given game theory's individualistic premises. We believe, however, that game theory...
Persistent link: https://www.econbiz.de/10010698810