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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...
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and evolutionary game theory. Its key characteristic feature is that it relies only on objectively observable market data …
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We characterize transitions between stochastically stable states and relative ergodic probabilities in the theory of … the evolution of conventions. We give an application to the fall of hegemonies in the evolutionary theory of institutions … and conflict and illustrate the theory with the fall of the Qing Dynasty and rise of Communism in China. …
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This exercise offers an innovative learning mechanism to model economic agent's decision-making process using a deep reinforcement learning algorithm. In particular, this AI agent is born in an economic environment with no information on the underlying economic structure and its own preference....
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