Individual strategy and social structure: An evolutionary theory of institutions
Suggests a reorientation of game theory in which players are not hyper-rational and knowledge is incomplete; postulates a simple adaptive learning process; and applies this framework to the study of social and economic institutions. Discusses learning; dynamic and stochastic stability; adaptive lear...
Main Author: | Young, H |
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Format: | Book |
Language: | English |
Published: |
Princeton University Press
1998
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