Showing 1 - 3 of 3
We analyze stochastic adaptation in finite n-player games played by heterogeneous populations containing best repliers, better repliers, and imitators. Individuals select strategies by applying a personal learning rule to a sample from a finite history of past play. We give sufficient conditions...
Persistent link: https://www.econbiz.de/10005006660
In this paper, we define an evolutionary stability criterion for learning rules. Using simulations, we then apply this criterion to three types of symmetric 2x2 games for a class of learning rules that can be represented by the parametric model of Camerer and Ho [1999. Experience-weighted...
Persistent link: https://www.econbiz.de/10005160982
This paper analyzes an evolutionary version of the Public Good game in which boundedly rational agents can use imitation and best-reply decision rules. Several possibilities for both decision rules to be present in the population are considered. I show that altruistic behavior might survive if...
Persistent link: https://www.econbiz.de/10010871060