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This paper deals with the evolution of conventions in a finite population of boundedly rational players. We apply … convention, and that the interaction structure crucially determines the distribution of conventions in the population. …
Persistent link: https://www.econbiz.de/10005169464
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Despite its importance as a formative influence in evolutionary biology, the notion of isolation has received relatively little attention in evolutionary economics and its application to technological innovation. This paper makes the case that isolation, in many guises, is a pervasive and...
Persistent link: https://www.econbiz.de/10010849022
According to the “Generalized Darwinism” movement (GD), the three principles of variation, selection and retention/replication (labeled “Darwinian” in some variants of GD) can and should be used as a meta-theoretical framework for the explanation of evolutionary processes in the...
Persistent link: https://www.econbiz.de/10011001854
Simon argued, quasi-decomposability has made evolution possible from the beginning of the universe. Economies are …
Persistent link: https://www.econbiz.de/10011001866
Persistent link: https://www.econbiz.de/10009325783
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, behavioral and blueprint rules and a set of theoretical propositions related to the structure and evolution of those rules are …
Persistent link: https://www.econbiz.de/10005760545
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An economy is a coordinated system of distributed knowledge. Economic evolution occurs as knowledge grows and the … information-processing mechanisms for finding equilibria. But in economic evolution markets are actually knowledge …
Persistent link: https://www.econbiz.de/10005760594