of evolutionary and learning processes in this game. Only the continuous best response dynamic uniquely selects the …

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 …

This paper studies the evolution of peoples' models of how other people think - their theories of mind. First, this is … results are extended to a model of learning, in which type k plays a k times iterated best response the average of past play …

of evolutionary and learning processes in this game. Only the continuous best response dynamic uniquely selects the …

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 …

premises of this research and review and integrate much of what has been learned on the processes of technological evolution …, their main features and their effects on the evolution of industries. First, we map and integrate the various pieces of …

with different learning mechanisms, i.e. imitative and experiential learning. The simulation result shows that an economy … with imitative learning gives rise to persistence of return volatility while an experiential learning economy does not. We …

explanations of (i) initial decisions (ii)dynamic patterns of learning and adjustment, and (iii) equilibrium steady …