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Melioration learning in games with constant and frequency-dependent pay-offs
Authors:Thomas Brenner  Ulrich Witt  
Affiliation:Max-Planck-Institute for Research into Economic Systems, Evolutionary Economics Unit, Kahlaische Strasse 10, D-07745, Jena, Germany
Abstract:The paper explores the implications of melioration learning—an empirically significant variant of reinforcement learning—for game theory. We show that in games with invariable pay-offs melioration learning converges to Nash equilibria in a way similar to the replicator dynamics. Since melioration learning is known to deviate from optimizing behavior when an action’s rewards decrease with increasing relative frequency of that action, we also investigate an example of a game with frequency-dependent pay-offs. Interactive melioration learning is then still appropriately described by the replicator dynamics, but it indeed deviates from rational choice behavior in such a game.
Keywords:Learning   Melioration   Reinforcement learning   Matching law   Replicator dynamics   Evolutionary game theory   Games with variable pay-offs   Social traps   Littering game
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