An illustration of the essential di!erence between individual and social learning, and its consequences for computational analyses
نویسنده
چکیده
Drawing a conclusion from recent insights in evolutionary game theory, we show that a so-called spite e!ect implies that there is an essential di!erence between individual and social learning. We illustrate its consequences for the choice of computational tools in economics and social settings in general by analyzing two variants of a Genetic Algorithm. ( 2000 Elsevier Science B.V. All rights reserved. JEL classixcation: C72; D43; D83
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