Question: Set p - innovate to 1 . 0 E - 4 ( a . k . a 0 . 0 0 0 1 ) ,

Set p-innovate to 1.0E-4(a.k.a 0.0001), p-forget to 0 and payoff-biased to true. Repeatedly reset
and run the simulation for different values of p-copy. You should notice that for some values
technology increases in quite sharp steps, but for other values technology increases
smoothly. which of the following statements is true?
When p-copy is around 0.5, technology increases smoothly, for other values of p-copy, technology
increases in steps.
When p-copy is low technology increases smoothly. For high values of p-copy technology increases
in steps.
When p-copy is around 0.5, technology increases in steps. for other values of p-copy, technology
increases in smoothly.
When p-copy is high technology increases smoothly. For low values of p-copy technology increases
in steps.
Set p - innovate to 1 . 0 E - 4 ( a . k . a 0 . 0

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Programming Questions!