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. These so-called strictly improving rules, that also play an important role in a bounded rational selection approach (Schlag …
Persistent link: https://www.econbiz.de/10004968221
We consider the situation in which individuals in a finite population must repeatedly choose an action yielding an uncertain payoff. Between choices, each individual may observe the performance of one other individual. We search for rules of behavior with limited memory that increase expected...
Persistent link: https://www.econbiz.de/10004968204
. These so-called strictly improving rules (Schlag, 1996) are found to be neutrally stable when facing any two-armed bandit …
Persistent link: https://www.econbiz.de/10005636448
We consider the situation in which individuals in a finite population must repeatedly choose an action yielding an uncertain payoff. Between choices, each individual may observe the performance of one other individual. We search for rules of behavior with limited memory that increase expected...
Persistent link: https://www.econbiz.de/10005636461
Consider a large population of individuals that are repeatedly randomly matched to play a cyclic 2x2 game such as Matching Pennies with fixed roles assigned in the game. Some learn by sampling previous play of a finite number of other individuals in the same role. We analyze population dynamics...
Persistent link: https://www.econbiz.de/10005032139
The evolutionary basis for predicting the backwards induction solution in generic finite extensive-form games with perfect information is examined. Evolution is modelled using the replicator dynamic in combination with rare mutations that introduce a small change in the proportion of each...
Persistent link: https://www.econbiz.de/10005636459
We consider the model of social learning by Schlag (1996). Individuals must repeatedly choose an action in a multi-armed bandit. We assume that each indivdiual observes the outcomes of two other individuals' choices before her own next choice must be made -- the original model only allows for...
Persistent link: https://www.econbiz.de/10005032175
It is well known for the common multi-population evolutionary dynamics applied to normal form games that a pure strategy combination is asymptotically stable if and only if it is a strict equilibrium point. We extend this result to sets as follows. For certain regular selection dynamics every...
Persistent link: https://www.econbiz.de/10008852264
Consider a contest for a prize in which each player knows his/her own ability, but may or may not know those of his/her rivals (the complete or incomplete information regimes). Our main result is that, if the value of the prize is high, more effort and output are engendered under incomplete...
Persistent link: https://www.econbiz.de/10010678824
Aim: To present a systematic development of the theory of combinatorial games from the ground up. Approach: Computational complexity. Combinatorial games are completely determined; the questions of interest are efficiencies of strategies. Methodology: Divide and conquer. Ascend from Nim to Chess...
Persistent link: https://www.econbiz.de/10011255426