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Recently, it has been suggested that the process of economic development should ideally be viewed as a … aspects have only been inadequately addressed in development theory. This paperargues that social-cognitive vicarious learning …, values), behaviour and environment. Our analysis is basedon a survey of the Indian trans-Himalayan regions. The development …
Persistent link: https://www.econbiz.de/10005866006
The common prior assumption asserts that the beliefs of agents in different states of theworld are their posteriors based on a common prior and possibly some private signal. Commonpriors are pervasive in most economic models of incomplete information, oligopoly models withasymmetrically informed...
Persistent link: https://www.econbiz.de/10005866870
distribution restricts the evolution of the poverty measuresto be stable... …
Persistent link: https://www.econbiz.de/10005869058
a larger predisposition towards child quality, contributing to the onset of the demographic transition and the evolution …
Persistent link: https://www.econbiz.de/10010352345
preference evolution? We show that it is in a couple's common interest to obey a rule requiring them to give specified amounts of …
Persistent link: https://www.econbiz.de/10012059103
This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces …
Persistent link: https://www.econbiz.de/10010262480
This paper proposes a new way to think about happiness. It distinguishes between stocks and flows. Central to the analysis is a concept we call 'hedonic capital'. The paper sets out a model of the dynamics of wellbeing in which bad life-shocks are smoothed by the drawing down of hedonic capital....
Persistent link: https://www.econbiz.de/10010267560
We define social reciprocity as the act of demonstrating one's disapproval, at some personal cost, for the violation of widely-held norms (e.g., don't free ride). Social reciprocity differs from standard notions of reciprocity because social reciprocators intervene whenever a norm is violated...
Persistent link: https://www.econbiz.de/10010271935
, learning and evolution. Finally, contemporary criticisms are presented. They suggest that the arguments of complex systems do …
Persistent link: https://www.econbiz.de/10012234215
When a strategic situation arises repeatedly, the possibility arises that equilibrium predictions can be justified by a dynamic adjustment process. We examine myopic adjustment dynamics, a class that includes replicator dynamics from evolutionary game theory, simple models of imitation, models...
Persistent link: https://www.econbiz.de/10012235814