This paper describes a classroom simulation of the FOMC meeting designed for an upper-level monetary economics class …. This is a role-playing exercise in which students are assigned various roles as individuals or as groups that directly or …, the FOMC meets and deliberates over the information gathered by various groups, determines the course of the overall …

revision occurring over the course of the simulation. This paper aims to investigate the influence of learning dynamics on … population of poker playing agents is instantiated to play the preflop portion of Texas Hold'em poker, with learning and strategy … dominant strategy when loss aversion is included in the learning model, not when winning and magnitude of win are of the only …

understand the model’s structure. This article shows how it is possible to build a macroeconomic agent-based simulation from … standard textbook Real Business Cycle model and how to utilize reinforcement learning to drive agents’ decision making. The … reinforcement learning algorithm of choice in this article is Q-learning, extended with fuzzy approximation. Q-learning is a simple …

efficient simulation-based parameter learning method. First, the approach breaks up the interdependence of the hidden states and …In state-space models, parameter learning is practically difficult and is still an open issue. This paper proposes an …