An Illustration of the Essential Difference between Individual and Social Learning, and its Consequences for Computational Analyses
Nicolaas J. Vriend
Queen Mary, University of London - Department of Economics
Queen Mary & Westfield College Working Paper No. 387
Drawing a conclusion from recent insights in evolutionary game theory, we show that a so-called spite-effect implies that there is an essential difference 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.
Number of Pages in PDF File: 16
JEL Classification: C72, D43, D83working papers series
Date posted: October 27, 1999
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