An Illustration of the Essential Difference between Individual and Social Learning, and its Consequences for Computational Analyses

Vriend, Nicolaas J.

doi:10.2139/ssrn.180834

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An Illustration of the Essential Difference between Individual and Social Learning, and its Consequences for Computational Analyses

Queen Mary & Westfield College Working Paper No. 387

16 Pages Posted: 27 Oct 1999

See all articles by Nicolaas J. Vriend

Nicolaas J. Vriend

Queen Mary, University of London - Department of Economics

Date Written: July 1998

Abstract

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.

JEL Classification: C72, D43, D83

Suggested Citation: Suggested Citation

Vriend, Nicolaas J., An Illustration of the Essential Difference between Individual and Social Learning, and its Consequences for Computational Analyses (July 1998). Queen Mary & Westfield College Working Paper No. 387, Available at SSRN: https://ssrn.com/abstract=180834 or http://dx.doi.org/10.2139/ssrn.180834