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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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population of poker playing agents is instantiated to play the preflop portion of Texas Hold'em poker, with learning and strategy … revision occurring over the course of the simulation. This paper aims to investigate the influence of learning dynamics on … dominant strategy when loss aversion is included in the learning model, not when winning and magnitude of win are of the only …
Persistent link: https://www.econbiz.de/10014443305
Game theory has been employed traditionally as a modeling tool for describing and influencing behavior in societal systems. Recently, game theory has emerged as a valuable tool for controlling or prescribing behavior in distributed engineered systems. The rationale for this new perspective stems...
Persistent link: https://www.econbiz.de/10014025443
Population games describe strategic interactions among large numbers of small, anonymous agents. Behavior in these games is typically modeled dynamically, with agents occasionally receiving opportunities to switch strategies, basing their choices on simple myopic rules called revision protocols...
Persistent link: https://www.econbiz.de/10014025446
collective learning. The present paper provides a summary of this research. …
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version of a cobweb model. In an evolutionary learning set-up, which is imitative, principals can have different beliefs about …
Persistent link: https://www.econbiz.de/10012607986