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Convergence in Finite Cournot Oligopoly with Social and Individual Learning
VALLEE, Thomas; YILDIZOGLU, Murat - Groupe de Recherche en Économie Théorique et … - 2007
) proposes to use genetic algorithm for studying learning dynamics in this game and obtains convergence to Cournot equilibrium … with individual learning. We show in this article how social learning gives rise to Walras equilibrium and why, in a … general setup, individual learning can effectively yield convergence to Cournot instead of Walras equilibrium. We illustrate …
Persistent link: https://www.econbiz.de/10005697627
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Convergence in the Finite Cournot Oligopoly with Social and Individual Learning
Vallée, Thomas; Yildizoglu, Murat - HAL - 2009
selection dynamics to analyze this case. Vriend (2000) proposes using a genetic algorithm for studying learning dynamics in this … game and obtains convergence to Cournot equilibrium with individual learning. The resulting convergence has been questioned … are behind these contradictory results and underlines the specific role of the spite effect. We show why social learning …
Persistent link: https://www.econbiz.de/10008794335
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Evolutionary economics and household behavior
Horioka, Charles - In: The Philippine review of economics : a joint … 51 (2014) 2, pp. 67-82
Persistent link: https://www.econbiz.de/10010528438
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Evolutionary economics and household behavior
Horioka, Charles - 2014
neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …
Persistent link: https://www.econbiz.de/10010390070
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Evolutionary economics and household behavior
Horioka, Charles - 2014
neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …
Persistent link: https://www.econbiz.de/10010390395
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An agent based model of the evolution of supplier networks
Earnest, David C.; Wilkinson, Ian F. - In: Computational and mathematical organization theory 24 (2018) 1, pp. 112-144
Persistent link: https://www.econbiz.de/10011800501
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Cricketsim: a Genetic and Evolutionary Computer Simulation
Wagner, Kyle; Shaw, Kerry - In: Journal of Artificial Societies and Social Simulation 11 (2007) 1, pp. 3-3
We present cricketsim, an individual-based simulator of species and community dynamics that allows experimenters to manipulate genetic and evolutionary parameters as well as parameters affecting the simulated environment and its inhabitants. The simulator can model genotypic and phenotypic...
Persistent link: https://www.econbiz.de/10005481621
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How do entrepreneurs know what to do? : learning and organizing in new ventures
Aldrich, Howard E.; Yang, Tiantian - In: Journal of evolutionary economics : JEE 24 (2014) 1, pp. 59-82
Persistent link: https://www.econbiz.de/10010235294
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Satisficing in time-sensitive bandit learning
Russo, Daniel; Van Roy, Benjamin - In: Mathematics of operations research 47 (2022) 4, pp. 2815-2839
Persistent link: https://www.econbiz.de/10014311390
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Evolutionary economics and household behavior
Horioka, Charles Yuji - 2014
neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …
Persistent link: https://www.econbiz.de/10011421455