Showing 1 - 10 of 25
Persistent link: https://www.econbiz.de/10005408810
Persistent link: https://www.econbiz.de/10003581196
In this paper we replicate and advance Macy and Flache\'s (2002; Proc. Natl. Acad. Sci. USA, 99, 7229–7236) work on the dynamics of reinforcement learning in 2×2 (2-player 2-strategy) social dilemmas. In particular, we provide further insight into the solution concepts that they describe,...
Persistent link: https://www.econbiz.de/10004983474
Persistent link: https://www.econbiz.de/10008221565
The replicator-mutator dynamics is a set of differential equations frequently used in biological and socioeconomic contexts to model evolutionary processes subject to mutation, error or experimentation. The replicator-mutator dynamics generalizes the widely used replicator dynamics, which...
Persistent link: https://www.econbiz.de/10009291593
The option to leave your current partner in response to his behavior, also known as conditional dissociation, is a mechanism that has been shown to promote the emergence and stability of cooperation in many social interactions. This mechanism, nevertheless, has always been studied in combination...
Persistent link: https://www.econbiz.de/10011051948
We study population game dynamics under which each revising agent tests each of his strategies a fixed number of times, with each play of each strategy being against a newly drawn opponent, and chooses the strategy whose total payoff was highest. In the centipede game, thesebest experienced...
Persistent link: https://www.econbiz.de/10012637421
Artificial Economics is one of the fastest growing approaches to analyse complex socio-economic systems. In this paper we present our views on the distinguishing features of Artificial Economics and on its relation with Theoretical Economics - the field that in our opinion lies closest to...
Persistent link: https://www.econbiz.de/10011787590
Persistent link: https://www.econbiz.de/10005465559
The aim of this paper is to assist researchers in understanding the dynamics of simulation models that have been implemented and can be run in a computer, i.e. computer models. To do that, we start by explaining (a) that computer models are just input-output functions, (b) that every computer...
Persistent link: https://www.econbiz.de/10004983523