A model of learning and adaptation is used to analyze the coevolution of strategies in the repeated Prisoner's Dilemma …

) proposes to use genetic algorithm for studying learning dynamics in this game and obtains convergence to Cournot equilibrium … with individual learning. We show in this article how social learning gives rise to Walras equilibrium and why, in a … general setup, individual learning can effectively yield convergence to Cournot instead of Walras equilibrium. We illustrate …

selection dynamics to analyze this case. Vriend (2000) proposes using a genetic algorithm for studying learning dynamics in this … game and obtains convergence to Cournot equilibrium with individual learning. The resulting convergence has been questioned … are behind these contradictory results and underlines the specific role of the spite effect. We show why social learning …

equilibrium dynamics resulting from this learning process helps to explain the main stylized facts of free-floating exchange rates … the number of agents (not more than about 1000). With a larger population, this collective learning dynamics looses its …

all stylized facts observed in aggregate price fluctuations and individual forecasting behaviour in recent learning to …

metaphor for social learning. This paper will face the question what an economist can learn from the mathematical branch of … genetic algorithm learning is a compound of three different learning schemes. First, every particular scheme is analyzed. Then … it will be pointed out that it is the combination of the three schemes that gives genetic algorithm learning its special …

equilibrium dynamics resulting from this learning process helps to explain the main stylized facts of free-floating exchange rates … the number of agents (not more than about 1000). With a larger population, this collective learning dynamics looses its …