Ramsza, M. (2006) Sampling equilibrium through descriptive simulations. (ELSE Working Papers 180). ESRC Centre for Economic Learning and Social Evolution: London, UK.
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Abstract
A definition of sampling equilibrium was introduced in (Osborne and Rubinstein 1998). A dynamic version of the model was introduced in (Sethi 2000). However, a descriptive simulation based on the above idea of procedural rationality (i.e. using the same algorithm of behavior) gave different results, than those achieved in (Osborne and Rubinstein 1998) and (Sethi 2000). The simulation was a starting point for new definitions of both sampling dynamics and sampling equilibrium.
| Type: | Working / discussion paper |
|---|---|
| Title: | Sampling equilibrium through descriptive simulations |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://else.econ.ucl.ac.uk/newweb/papers.php#2006 |
| Language: | English |
| Keywords: | Bounded rationality, sampling procedure, evolution |
| UCL classification: | UCL > School of BEAMS > Faculty of Maths and Physical Sciences > Mathematics |
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