reinforcement learning models than with belief-based models. Showing level-2 rationality (i.e., reasoning about others' beliefs) is … process level to the validity of modeling behavior using low-rationality reinforcement learning models. …

Computational Techniques for Modelling Learning in Economics offers a critical overview of the computational techniques … that are frequently used for modelling learning in economics. It is a collection of papers, each of which focuses on a … different way of modelling learning, including the techniques of evolutionary algorithms, genetic programming, neural networks …

In economics simulation models are used quite a lot to carry out mathematical experiments.However, the specification of … -especially if the results found in the simulation models are striking. Then, the audience cannothelp but think that there has … calibrating simulation models in a waythat makes their results more acceptable. However, compared with models of …