neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

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 …

metaphor for social learning. This paper will face the question what an economist can learn from the mathematical branch of … 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 flair: A …

This paper tries to connect the theory of genetic algorithm (GA) learning to evolutionary game theory. It is shown that … economic learning via genetic algorithms can be described as a specific form of evolutionary game. It will be pointed out that … GA learning results in a series of near Nash equilibria which during the learning process build up to finally reach a …

In this paper we investigate how cognitive ability and character skills influence behavior, success and the evolution … understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …