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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....
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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...
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economists behave more selfishly than any other group of people. We employed game theory and its fundamental models - Prisoner …
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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...
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This paper presents the basics of the Transaction cost theory (TCT) and shows it's contribution to the Theory of the … TCT mainly by O. E. Williamson. The theory is based on asset specificity. The formal model with the human asset …
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