✦ LIBER ✦

An illustration of the essential difference between individual and social learning, and its consequences for computational analyses

✍ Scribed by Nicolaas J Vriend

Publisher: Elsevier Science
Year: 2000
Tongue: English
Weight: 244 KB
Volume: 24
Category: Article
ISSN: 0165-1889
DOI: 10.1016/s0165-1889(98)00068-2

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✦ Synopsis

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.