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Persistent link: https://www.econbiz.de/10004966916
We examine an evolutionary model in which the primary source of "noise" that moves the model between equilibria is not random, arbitrarily improbable mutations but mistakes in learning. We find conditions under which the payoff-dominant equilibrium in a 2x2 game is selected by the model as well...
Persistent link: https://www.econbiz.de/10004968257
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The English language dimly recognizes that knowing something is not the same as believing it sure to be true. Ptolemy believed it sure that the sun revolved around the earth, but we would not say that he knew the sun revolved around the earth. Philosophers commonly claim that the difference lies...
Persistent link: https://www.econbiz.de/10008484345
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A collection of Ken Binmore's influential papers on bargaining experiments, with the author's newly written commentary addressing the challenges to game theory posed by the behavioral school of economics.
Persistent link: https://www.econbiz.de/10012673594