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Bounded Rationality in Economics: A Game Theorist's View

โœ Scribed by Hitoshi Matsushima

Book ID
108566384
Publisher
John Wiley and Sons
Year
1997
Tongue
English
Weight
456 KB
Volume
48
Category
Article
ISSN
1352-4739

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An evolutionary snowdrift game (SG) that incorporates bounded rationality and limited information in the evolutionary process is proposed and studied. Based on SG in a wellmixed population and defining the winning action at a turn to be the one that gets a higher payoff, the most recent m winning ac