We incorporate information measures representing knowledge into an evolutionary model of coevolving firms and markets … industries. The required innovation is to use information measures to impose an order on the routines constituting a firm, and by …, the coherent mathematical framework provided by information and probability theory describes firm orderliness and …

This paper consider the dynamic evolution of algorithmic (recursive) learning rules in a normal form game. It is shown …

conduct experiments on simple two-person and three-person games with binary choices that test these theories more directly … than the array of games conventionally considered. Our experiments show strong support for the prevalence of "quasi …

a range of simple experimental games that test these theories more directly than existing experiments. Our experiments …

It is traditional in experimental games to allow participants to choose only actions or possibly communicate intended … play. In sequential two-person games, we require first movers to express a preference between responder choices. We find …

, because the second party will reject grossly unequal proposals. But ultimatum games may lead us to misconstrue some general … bargaining structures can lead to inefficiency even under complete information. Moreover, inefficiency is partly caused by … hypotheses for simple non- ultimatum bargaining games. …