LEARNING THROUGH REINFORCEMENT AND REPLICATOR DYNAMICS

Authors
Citation
T. Borgers et R. Sarin, LEARNING THROUGH REINFORCEMENT AND REPLICATOR DYNAMICS, Journal of economic theory, 77(1), 1997, pp. 1-14
Citations number
34
Journal title
ISSN journal
00220531
Volume
77
Issue
1
Year of publication
1997
Pages
1 - 14
Database
ISI
SICI code
0022-0531(1997)77:1<1:LTRARD>2.0.ZU;2-J
Abstract
This paper considers a version of R. R. Bush and F. Mosteller's (1951, Psych. Rev. 58. 313-323; 1955, ''Stochastic Models for Learning,'' Wi ley, New York) stochastic learning theory in the context of games. We show that in a continuous time limit the learning model converges to t he replicator dynamics of evolutionary game theory. Thus we provide a non-biological interpretation of evolutionary game theory. (C) 1997 Ac ademic Press.