Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10005413507
Persistent link: https://www.econbiz.de/10005413879
Persistent link: https://www.econbiz.de/10005409233
Persistent link: https://www.econbiz.de/10005409262
Persistent link: https://www.econbiz.de/10005413481
Persistent link: https://www.econbiz.de/10005413515
Persistent link: https://www.econbiz.de/10005413654
We consider the dynamics of reasoning by general rules (theories) and by specific cases (analogies). When an agent faces an exogenous process, we show that, under mild conditions, if reality happens to be simple, the agent will converge to adopt a theory and discard analogical thinking. If,...
Persistent link: https://www.econbiz.de/10011049806