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This article analyses the ability of the learning firms in a Cournot oligopoly to discover market solutions more …), and qualify the role of random experimenting, social learning (imitation), and (updated) memory in helping firms to … the results of the literature on evolutionary learning in oligopoly can analytically be characterized through the …
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are rare. Thus, even in a world of simple learning agents, coordination behavior can take on some surprising forms. …
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This essay links some of my own work on expectations, learning and bounded rationality to the inspiring ideas of Jean …-Michel Grandmont. In particular, my work on consistent expectations and behavioral learning equilibria may be seen as formalizations of … JMG's ideas of self-fulfilling mistakes. Some of our learning-to-forecast laboratory experiments with human subjects have …
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