We model a learning dynamic in which players imitate and innovate. Of interest is to question whether Nash equilibrium play emerges, and if so, the role that imitation plays in this emergence. Our main result provides a general class of coordination game for which approximate Nash equilibrium play does emerge. Important conditions include that players imitate ‘similar’ individuals. The role of imitation in learning is discussed in the context of two examples where it is shown that imitation can lead to Pareto superior outcomes
none2noIn the rank of behavioral rules, imitation-based heuristics has received special attention in...
In an experimental standard Cournot oligopoly we test the importance of models of behaviour characte...
An imitation game is a finite two person normal form game in which the two players have the same set...
We consider a learning dynamic in which players imitate and better reply. Sufficient conditions are ...
We model a learning dynamic in which players imitate and innovate. Of interest is to question wheth...
We illustrate one way in which a population of boundedly rational individuals can learn to play an a...
We illustrate one way in which a population of boundedly rational individuals can learn to play an a...
We illustrate one way in which a population of boundedly rational individuals can learn to play an a...
This paper introduces a learning algorithm that allows for imitation in recursive dynamic games. The...
The paper considers a model of imitation in the context of Cournot oligopoly. Purely imitative behav...
We exploit a unique opportunity to study how a large population of players in the field learn to pla...
This paper analyzes the equilibrium play of individuals that are randomly matched to play a contest ...
In the rank of behavioral rules, imitation-based heuristics has received special attention in econom...
In the rank of behavioral rules, imitation-based heuristics has received special attention in econom...
Cataloged from PDF version of article.This paper introduces a learning algorithm that allows for imi...
none2noIn the rank of behavioral rules, imitation-based heuristics has received special attention in...
In an experimental standard Cournot oligopoly we test the importance of models of behaviour characte...
An imitation game is a finite two person normal form game in which the two players have the same set...
We consider a learning dynamic in which players imitate and better reply. Sufficient conditions are ...
We model a learning dynamic in which players imitate and innovate. Of interest is to question wheth...
We illustrate one way in which a population of boundedly rational individuals can learn to play an a...
We illustrate one way in which a population of boundedly rational individuals can learn to play an a...
We illustrate one way in which a population of boundedly rational individuals can learn to play an a...
This paper introduces a learning algorithm that allows for imitation in recursive dynamic games. The...
The paper considers a model of imitation in the context of Cournot oligopoly. Purely imitative behav...
We exploit a unique opportunity to study how a large population of players in the field learn to pla...
This paper analyzes the equilibrium play of individuals that are randomly matched to play a contest ...
In the rank of behavioral rules, imitation-based heuristics has received special attention in econom...
In the rank of behavioral rules, imitation-based heuristics has received special attention in econom...
Cataloged from PDF version of article.This paper introduces a learning algorithm that allows for imi...
none2noIn the rank of behavioral rules, imitation-based heuristics has received special attention in...
In an experimental standard Cournot oligopoly we test the importance of models of behaviour characte...
An imitation game is a finite two person normal form game in which the two players have the same set...