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~person:"Blume, Lawrence E."
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Blume, Lawrence E.
Nijkamp, Peter
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190
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183
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169
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72
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70
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69
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68
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observational learning
Smith, Lones
;
Sørensen, Peter Norman
-
Palgrave Macmillan
Observational learning occurs when privately informed individuals sequentially choose among finitely many actions after seeing predecessors’ choices. We summarise the general theory of this paradigm: belief convergence forces action convergence; specifically, copycat ‘herds’...
Persistent link: https://www.econbiz.de/10009415656
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2
Stigma and Social Control
Blume, Lawrence E.
-
EconWPA
-
2003
Social interactions provide a set of incentives for regulating individual behavior. Chief among these is stigma, the status loss and discrimination that results from the display of stigmatized attributes or behaviors. The stigmatization of behavior is the enforcement mechanism behind social...
Persistent link: https://www.econbiz.de/10005118585
Saved in:
3
How Noise Matters
Blume, Lawrence E.
-
EconWPA
-
1994
Recent advances in evolutionary game theory have employed stochastic processes of noise in decisionmaking to select in favor of certain equilibria in coordination games. Noisy decisionmaking is justified on bounded rationality grounds, and consequently the sources of noise are left unmodelled....
Persistent link: https://www.econbiz.de/10005550862
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4
Christopher Pissarides
Jackman, Richard
-
Palgrave Macmillan
Professor Christopher Pissarides was awarded the 2010 Nobel Prize in Economics jointly with Peter Diamond and Dale Mortensen ‘for their analysis of markets with search frictions’. Though Pissarides is best known for his work in this area, it is only part of a very extensive research agenda...
Persistent link: https://www.econbiz.de/10009364192
Saved in:
5
rational inattention
Wiederholt, Mirko
-
Palgrave Macmillan
Economists have studied for a long time how decision-makers allocate scarce resources. The recent literature on rational inattention studies how decision-makers allocate the scarce resource attention. The idea is that decision-makers have a limited amount of attention and have to decide how to...
Persistent link: https://www.econbiz.de/10009395648
Saved in:
6
Google
Varian, Hal R.
-
Palgrave Macmillan
This article provides an overview of Google, focusing on its economic history, specifically on three topics of interest: the ad auction, the IPO auction and the role of economics at Google.
Persistent link: https://www.econbiz.de/10010684107
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7
pricing on the internet
Morgan, Michael R. Baye John
-
Palgrave Macmillan
While many conjectured that the information-rich and frictionless nature of online markets would result in marginal cost pricing, this has proved not to be the case. Price dispersion online is ubiquitous. The main reason is that price discovery occurs through platforms that have an incentive to...
Persistent link: https://www.econbiz.de/10010684111
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8
The Algebraic Geometry of Perfect and Sequential Equilibrium
Blume, Lawrence E.
;
Zame, William R.
-
EconWPA
-
1993
Two of the most important refinements of the Nash equilibrium concept for extensive form games with perfect recall are Selten's (1975) {\it perfect equilibrium\/} and Kreps and Wilson's (1982) more inclusive {\it sequential equilibrium\/}. These two equilibrium refinements are motivated in very...
Persistent link: https://www.econbiz.de/10005407588
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9
Equilibrium concepts for social interaction models
Blume, Lawrence E.
(
contributor
); …
-
2002
-
[Elektronische Ressource], rev
she takes the expectation given certain
knowledge
of the !j at time t. That is, she chooses according to the transition …
Persistent link: https://www.econbiz.de/10001661591
Saved in:
10
Identifying social interactions : a review
Blume, Lawrence E.
(
contributor
); …
-
2005
uncertainty about the correct specification of the relevant social groups has not been pursued, to our
knowledge
, although work …
Persistent link: https://www.econbiz.de/10003229315
Saved in:
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