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We present a model of learning in which agents learn from errors. If an action turns out to be an error, the agent rejects not only that action but also neighboring actions. We find that, keepng memory of his errors, under mild assumptions an acceptable solution is asymptotically reached....
Persistent link: https://www.econbiz.de/10005572182
This paper presents results of repeated economic lab experiments. They were designed to test a model of combinatorial …
Persistent link: https://www.econbiz.de/10009147148
various groups of people who undertake the experiment. Our experiments try to (1) Evaluate real outcomes of model situations …'s dilemma and Ultimate and Dictator Games. In accordance to previous foreign experiments, we conclude that in real situations …-riding, people voluntarily contributed to public goods. According to the results of our experiments, the hypothesis that economists …
Persistent link: https://www.econbiz.de/10008754965
We examine a strategic-choice handicap model in which males send costly signals to advertise their quality to females. Females are concerned with the net viability of the male with whom they mate, where net viability is a function of the male's quality and signal. We identify circumstances in...
Persistent link: https://www.econbiz.de/10004968337
Results of a survey concerning the importance of quality management of the educational process among high officials of Czech universities and colleges are summarized in this article. Three of possible methods of quality management in the educational process are described here: Standardization...
Persistent link: https://www.econbiz.de/10005258340
This paper presents the basics of the Transaction cost theory (TCT) and shows it's contribution to the Theory of the firm by the view of the new institutional economics. In the first part, author presents resources and presumptions of the TCT mainly by O. E. Williamson. The theory is based on...
Persistent link: https://www.econbiz.de/10009401149
Persistent link: https://www.econbiz.de/10011854540