Abstract:
This paper considers the dynamic evolution of algorithmic (recursive) learning rules in a normal form game. It is shown that the system - the population frequencies - is globally stable for any arbitrary N-player normal form game, if the evolutionary process is algorithmic and the "birth process" guarantees that an appropriate set of "smart" rules is present in the population.
Keywords:ECONOMETRICS; LEARNING (search for similar items in EconPapers) JEL-codes:C70C72C79D83 (search for similar items in EconPapers) Date: 1996
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More papers in Economics Working Papers from European University Institute Address: Badia Fiesolana, Via dei Roccettini, 9, 50016 San Domenico di Fiesole (FI) Italy Contact information at EDIRC. Series data maintained by Marcia Gastaldo ().
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