possible in some cases. However, once consumer learning is introduced, the monopoly outcome first found by Diamond (1971) is …

game theory, simple models of imitation, models of experimentation and adjustment, and some simple learning dynamics. We …

behavior that emerge in the market as a function of evolutionary learning rate, and to explain these emergent behaviors. We …

In this paper we study a simple learning paradigm for iterated normal form games in an evolutionary context. Following …. On the one hand we study the evolution of such strategies for the Prisoner's Dilemma; on the other hand we consider …

A model of learning and adaptation is used to analyze the coevolution of strategies in the repeated Prisoner's Dilemma …

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 …

We formulate an evolutionary learning process in the spirit of Young (1993a) for games of incomplete information. The … double auction. For both games selection by evolutionary learning is in favor of Bayesian equilibria where some types of …

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

possible in some cases. However, once consumer learning is introduced, the monopoly outcome first found by Diamond (1971) is …