Showing 1 - 10 of 11
Research on entrepreneurship has flourished in recent years and is evolving rapidly. This paper explores the history of entrepreneurship research, how the research domain has evolved, and its current status as an academic field. The need to concretize these issues stems partly from a general...
Persistent link: https://www.econbiz.de/10011019049
Evolutionary theorizing has a long tradition in economics. Only recently has this approach been brought into the framework of non-cooperative game theory. Evolutionary game theory studies the robustness of strategic behaviour with respect to evolutionary forces in the context of games played...
Persistent link: https://www.econbiz.de/10005771089
In the models of Young (1993a,b), boundedly rational individuals are recurrently matched to play a game, and they play myopic best replies to the recent history of play. It could therefore be an advantage to instead play a myopic best reply to the myopic best reply, something boundedly rational...
Persistent link: https://www.econbiz.de/10005190635
This paper provides deterministic approximation results for stochastic processes that arise when finite populations recurrently play finite games. The deterministic approximation is defined in continuous time as a system of ordinary differential equations of the type studied in evolutionary game...
Persistent link: https://www.econbiz.de/10005419542
This paper provides deterministic approximation results for stochastic processes that arise when finite populations of boundedly rational agents recurrently play finite games. The deterministic approximation is defined in continuous time in terms of a system of ordinary differential equations of...
Persistent link: https://www.econbiz.de/10005639325
is shown to corroborate the result in Kandori-Mailath-Rob and Young that the risk-dominant equilibrium is selected in 2 x …
Persistent link: https://www.econbiz.de/10005645419
No abstract.
Persistent link: https://www.econbiz.de/10010818361
In conjunction with its tercentenary celebrations in 1968, Sveriges Riksbank (Bank of Sweden) instituted a new award, "The Central Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel" on the basis of an economic commitment by the bank in perpetuity. The award is given by the...
Persistent link: https://www.econbiz.de/10005645284
No abstract.
Persistent link: https://www.econbiz.de/10010684479
Persistent link: https://www.econbiz.de/10010684489