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Simulation models are becoming increasingly common in the analysis of critical scientific, policy, and management issues. Such models provide a way to analyze complex systems characterized by both large parameter spaces and nonlinear interactions. Unfortunately, these same characteristics make...
Persistent link: https://www.econbiz.de/10009214825
A model of learning and adaptation is used to analyze the coevolution of strategies in the repeated Prisoner's Dilemma game under both perfect and imperfect reporting. Meta-players submit finite automata strategies and update their choices through an explicit evolutionary process modeled by a...
Persistent link: https://www.econbiz.de/10005793584