Paper #185
- Títol:
- Does eeasoning enhance learning?
- Autor:
- Nicolaas J. Vriend
- Data:
- Octubre 1996
- Resum:
- Utilizing the well-known Ultimatum Game, this note presents the following phenomenon. If we start with simple stimulus-response agents, learning through naive reinforcement, and then grant them some introspective capabilities, we get outcomes that are not closer but farther away from the fully introspective game-theoretic approach. The cause of this is the following: there is an asymmetry in the information that agents can deduce from their experience, and this leads to a bias in their learning process.
- Paraules clau:
- Ultimatum game, game theory, reasoning, reinforcement learning, Leex
- Codis JEL:
- C7, D8
- Àrea de Recerca:
- Microeconomia
- Publicat a:
- Economics Letters, 55, No. 1, 9-18, 1997
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