Showing 131 - 140 of 81,802
Persistent link: https://www.econbiz.de/10009730295
Persistent link: https://www.econbiz.de/10010361589
Persistent link: https://www.econbiz.de/10010375912
Persistent link: https://www.econbiz.de/10010199131
The paper presents an evolutionary model, based on the assumption that agents may revise their current strategies if they previously failed to attain the maximum level of potential payoffs. We offer three versions of this reflexive mechanism, each one of which describes a distinct type:...
Persistent link: https://www.econbiz.de/10010338167
Persistent link: https://www.econbiz.de/10010338418
Persistent link: https://www.econbiz.de/10010371675
Persistent link: https://www.econbiz.de/10011534858
Persistent link: https://www.econbiz.de/10011472396
The literature on learning in unknown environments emphasises reinforcing on actions which produce positive results. But, in some cases, success requires shifting from a currently successful actions to others. We examine, experimentally and theoretically in a very simple framework, how...
Persistent link: https://www.econbiz.de/10011517970