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The evolution of social learning and its economic consequences

Bossan, Benjamin; Jann, Ole; Hammerstein, Peter - In: Journal of Economic Behavior & Organization 112 (2015) C, pp. 266-288

the course of evolution, social learning becomes dominant, resulting in three major effects: First, for better or worse …

Persistent link: https://www.econbiz.de/10011263912

Learning and evolution of altruistic preferences in the Centipede Game

Gamba, Astrid - In: Journal of Economic Behavior & Organization 85 (2013) C, pp. 112-117

Several studies show that evolution favors non-selfish preferences only if preference types are observable. We present …

Persistent link: https://www.econbiz.de/10010608200

Evolution as a general theoretical framework for economics and public policy

Wilson, David Sloan; Gowdy, John M. - In: Journal of Economic Behavior & Organization 90 (2013) S, pp. 3-3

lead article for a special issue of the Journal of Economic Behavior and Organization, we first describe how evolution … functions as a general theoretical framework in the biological sciences. Then we consider four reasons why evolution might not … valid in particular cases, but they fail for any sizeable human-related subject area. Hence evolution can and should become …

Persistent link: https://www.econbiz.de/10010678972

Heterogeneous gain learning and the dynamics of asset prices

LeBaron, Blake - In: Journal of Economic Behavior & Organization 83 (2012) 3, pp. 424-445

This paper presents a new agent-based financial market. It is designed to be both simple enough to gain insights into the nature and structure of what is going on at both the agent and macro levels, but remain rich enough to allow for many interesting evolutionary experiments. The model is...

Persistent link: https://www.econbiz.de/10010594602

Forms of emergence and the evolution of economic landscapes

Martin, Ron; Sunley, Peter - In: Journal of Economic Behavior & Organization 82 (2012) 2, pp. 338-351

usefulness of the idea of emergence for studying the economic landscape and its evolution. The paper considers in what sense … the evolution of economic landscapes. …

Persistent link: https://www.econbiz.de/10010576953

Darwin's invisible hand: Market competition, evolution and the firm

Johnson, Dominic D.P.; Price, Michael E.; Van Vugt, Mark - In: Journal of Economic Behavior & Organization 90 (2013) S, pp. 128-128

Competition among firms has been suggested to reflect the ruthless logic of Darwinian selection: a free market is a struggle for survival, in which successful firms survive and unsuccessful ones die. This view appears to bolster three pillars of neoclassical economics: (1) that economic actors...

Persistent link: https://www.econbiz.de/10011048085

Integrating the human sciences to evolve effective policies

Biglan, Anthony; Cody, Christine - In: Journal of Economic Behavior & Organization 90 (2013) S, pp. 152-152

This paper describes an evolutionary perspective on human development and wellbeing and contrasts it with the model of self-interest that is prominent in economics. The two approaches have considerably different implications for how human wellbeing might be improved. Research in psychology,...

Persistent link: https://www.econbiz.de/10011048115

Toward a neo-Darwinian synthesis of neoclassical and behavioral economics

Burnham, Terence C. - In: Journal of Economic Behavior & Organization 90 (2013) S, pp. 113-113

There is a schism within economics between the neoclassical and behavioral schools. A primary cause of the behavioral ascent is the experimental evidence of deviations between actual behavior and the neoclassical prediction of behavior. While behavioral scholars have documented these...

Persistent link: https://www.econbiz.de/10011048118

Energy, aesthetics and knowledge in complex economic systems

Foster, John - In: Journal of Economic Behavior & Organization 80 (2011) 1, pp. 88-100

It is argued that the fact that economic systems are dissipative structures must be taken fully into account in economics if we are to understand the nature of the economic–ecological interface and how to deal with emergent environmental problems, such as global warming. Such problems are a...

Persistent link: https://www.econbiz.de/10011048170

Emergence and complexity in Austrian economics

Rosser, J. Barkley - In: Journal of Economic Behavior & Organization 81 (2012) 1, pp. 122-128

is the role of these ideas and processes within evolution, with Hayek in particular moving strongly towards identifying …

Persistent link: https://www.econbiz.de/10011048176