Learning by trial and error
A person learns by trial and error if he occasionally tries out new strategies, rejecting choices that are “erroneous” in the sense that they do not lead to higher payoffs. In a game, however, strategies can become erroneous due to a change of behavior by someone else. Such passive errors may also t...
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| Format: | Working paper |
| Language: | English |
| Published: |
2008
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| Subjects: |
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