affiliation-motivated individuals engaged in game-play. The first model captures learning by motivated agents during strategic … interactions. The second model captures the evolution of a society of motivated agents. It is demonstrated that misperception, when …

This article analyses the ability of the learning firms in a Cournot oligopoly to discover market solutions more …">2004</CitationRef>), and qualify the role of random experimenting, social learning (imitation), and (updated) memory in helping firms to … with higher profits. We show that the results of the literature on evolutionary learning in oligopoly can analytically be …