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We develop a dynamic model to study the formation of communication networks. In this model, individuals periodically …
Persistent link: https://www.econbiz.de/10010731599
We investigate an algorithmic model based first of all on Luhmann?s description of how so-cial order may originate [N. Luhmann, Soziale Systeme, Frankfurt/Main, Suhrkamp, 1984, pp. 148-179]. In a basic ?dyadic? setting, two agents build up expectations during their interac-tion process. First,...
Persistent link: https://www.econbiz.de/10005518620
future choices. These considerations motivate a rich research programme on how social networks shape individual and … collective learning. The present paper provides a summary of this research. …
Persistent link: https://www.econbiz.de/10014025688
reinforcement learning models than with belief-based models. Showing level-2 rationality (i.e., reasoning about others' beliefs) is … egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co … process level to the validity of modeling behavior using low-rationality reinforcement learning models. …
Persistent link: https://www.econbiz.de/10011734522
This paper addresses the role of affect and emotions in shaping the behavior of responders in the ultimatum game. A huge amount of research shows that players do not behave in an economically rational way in the ultimatum game, and emotional mechanisms have been proposed as a possible...
Persistent link: https://www.econbiz.de/10009752858
Persistent link: https://www.econbiz.de/10011539550
Persistent link: https://www.econbiz.de/10011815699
Persistent link: https://www.econbiz.de/10014431415
reinforcement learning models than with belief-based models. Showing level-2 rationality (i.e., reasoning about others' beliefs) is … egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co … process level to the validity of modeling behavior using low-rationality reinforcement learning models. …
Persistent link: https://www.econbiz.de/10010328516
experiment and coordination at societal level are needed, toward adaptive governance, and that organizations can contribute to …
Persistent link: https://www.econbiz.de/10013166095