Showing 1 - 10 of 248
opponents’ categorizations. We show that imitation conditional on reaching an intermediate aspiration level leads to a shared …
Persistent link: https://www.econbiz.de/10012015737
novices learning from experienced, a particular form of probabilistic imitation is selected. Novices should imitate any …
Persistent link: https://www.econbiz.de/10013368210
In this paper we put forward a simple game-theoretical model of pollution control, where each country is in control of its own pollution, while the environmental effects of policies do not stop at country borders. In our noncooperative differential game, countries as players minimize the present...
Persistent link: https://www.econbiz.de/10011852696
opponents' categorizations. We show that imitation conditional on reaching an intermediate aspiration level leads to a shared …
Persistent link: https://www.econbiz.de/10012227750
In this paper, we develop a new dynamic model of optimal investments in R&D and manufacturing for a technological leader competing with a large number of identical followers on the market of a technological product. The model is formulated in the form of the infinite time horizon stochastic...
Persistent link: https://www.econbiz.de/10013200050
Imitation of the successful choices of others is a simple and superficially attractive learning rule. It has been shown … to be an important driving force for the strategic behavior of (young) adults. In this study we examine whether imitation … is prevalent in the behavior of children aged between 8 and 10. Surprisingly, we find that imitation seems to be …
Persistent link: https://www.econbiz.de/10011849211
In this paper we put forward a simple game-theoretical model of pollution control, where each country is in control of its own pollution, while the environmental effects of policies do not stop at country borders. In our noncooperative differential game, countries as players minimize the present...
Persistent link: https://www.econbiz.de/10011709210
In this paper, we develop a new dynamic model of optimal investments in R&D and manufacturing for a technological leader competing with a large number of identical followers on the market of a technological product. The model is formulated in the form of the infinite time horizon stochastic...
Persistent link: https://www.econbiz.de/10012432372
framework of evolutionary competition between rational, myopic best-response and imitation heuristics with differential … heuristic (Cournot best-response) and the stable one (imitation) and on the intensity of the evolutionary pressure. When this … cost differential is positive (i.e., imitation is relatively cheaper vis a vis Cournot), most firms use this heuristic and …
Persistent link: https://www.econbiz.de/10014636241
We conduct an artefactual field experiment to compare the individual preferences and propensity to cooperate of three …
Persistent link: https://www.econbiz.de/10011316662