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
Date Written: July 1998
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