Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10005417211
This paper considers a version of Bush and Mosteller's stochastic learning theory in the context of games. We compare this model of learning to a model of biological evolution. The purpose is to investigate analogies between learning and evolution. We and that in the continuous time limit the...
Persistent link: https://www.econbiz.de/10005636454
This risk.paper considers a simple learning process for decision problems under All behaviour change derives from the reinforcing or deterring effect of instantaneous payoff experiences. Payoff experiences are reinforcing or deterring depending on whether the payoff exceeds an aspiration level...
Persistent link: https://www.econbiz.de/10005636463