Gehring, Thomas; Güth, Werner; René Levínský - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003
In this note we establish that rational demand expectations willtypically not evolve in an evolutionary model. In an evolutionarymodel beliefs act like a commitment device to more aggressive be-havior. This commitment effect has the same direction for strategicsubstitutes and complements and...