Absolutely expedient imitative behavior (Q1417440)

From MaRDI portal
Revision as of 22:07, 12 February 2024 by RedirectionBot (talk | contribs) (‎Removed claim: reviewed by (P1447): Item:Q315826)
scientific article
Language Label Description Also known as
English
Absolutely expedient imitative behavior
scientific article

    Statements

    Absolutely expedient imitative behavior (English)
    0 references
    0 references
    5 January 2004
    0 references
    The author analyzes a model of learning by imitation, where besides the decision maker, there is a population of individuals facing the same decision problem. He gives a simple characterization of the expediency property and shows that its basic feature is proportional imitation; the change in the probability attached to the played action is proportional to the difference between the received and the ``sampled payoff'' (which plays the role of an aspiration level).
    0 references
    Bandit problem
    0 references
    imitation
    0 references

    Identifiers

    0 references
    0 references
    0 references
    0 references
    0 references
    0 references
    0 references
    0 references