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Dynamics in stochastic evolutionary models
Levine, David Knudsen; Modica, Salvatore - In: Theoretical Economics 11 (2016) 1, pp. 89-131
the evolution of conventions. We give an application to the fall of hegemonies in the evolutionary theory of institutions …
Persistent link: https://www.econbiz.de/10011599564
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Competing conventions with costly information acquisition
Rozzi, Roberto - In: Games 12 (2021) 3, pp. 1-29
We consider an evolutionary model of social coordination in a 2 × 2 game where two groups of players prefer to coordinate on different actions. Players can pay a cost to learn their opponent's group: if they pay it, they can condition their actions concerning the groups. We assess the stability...
Persistent link: https://www.econbiz.de/10013200115
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Evolution of Individual Preferences and Persistence of Family Rules
Cigno, Alessandro; Gioffré, Alessandro; Luporini, Annalisa - 2019
preference evolution? We show that it is in a couple's common interest to obey a rule requiring them to give specified amounts of …
Persistent link: https://www.econbiz.de/10012059103
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Evolution of Individual Preferences and Persistence of Family Rules
Cigno, Alessandro; Gioffré, Alessandro; Luporini, Annalisa - 2020
preference evolution? We show that it is in a couple's common interest to obey a rule requiring them to give specified amounts of …
Persistent link: https://www.econbiz.de/10012314863
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You better play 7: Mutual versus common knowledge of advice in a weak-link experiment
Devetag, Giovanna; Hosni, Hykel; Sillari, Giacomo - 2012
This paper presents the results of an experiment on mutual versus common knowl- edge of advice in a two-player weak-link game with random matching. Our experimen- tal subjects play in pairs for thirteen rounds. After a brief learning phase common to all treatments, we vary the knowledge levels...
Persistent link: https://www.econbiz.de/10010328544
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Advice and behavior in intergenerational: Ultimatum games: An experimental approach
Schotter, Andrew; Sopher, Barry - 2000
In the real world, when people play games, they often receive advice from those that have played it before them. Such advice can facilitate the creation of a convention of behavior. This paper studies the impact of advice on the behavior subjects who engage in a non-overlapping generational...
Persistent link: https://www.econbiz.de/10010334253
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Konfliktpartnerschaft – zwischen Auslaufmodell und sozialer Innovation
Kädtler, Jürgen - In: Industrielle Beziehungen 23 (2016) 3, pp. 334-347
Der Beitrag setzt sich mit Walther Müller-Jentschs Konzept von Konfliktpartnerschaft und mit Wolfgang Streecks Kritik an diesem Konzept auseinander. Dabei wird zwischen einem historisch spezifischen und einem allgemeinen Begriff von Konfliktpartnerschaft unterschieden. Es wird – gegen...
Persistent link: https://www.econbiz.de/10011998749
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The Souk Al-Manakh: The anatomy of a pure price-chasing bubble
Veneroso, Frank; Pasquali, Mark - 2021
It is widely agreed that the Nasdaq during the dot-com era 20 years ago was a full-fledged stock market bubble. Recently, the US stock market according to many metrics has become significantly more speculative and overvalued than it was at the dot-com peak 20 years ago. In both instances, a very...
Persistent link: https://www.econbiz.de/10012610215
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The impact of conventions on hotel demand: Evidence from Indianapolis using daily hotel occupancy data
Steitz, Colin; Hall, Joshua C. - In: Journal of Risk and Financial Management 13 (2020) 10, pp. 1-15
-day conventions on hotel demand. In addition to multi-day conventions, we hand collect data on other major events such as the Indy 500 … effect of conventions and other large events in Indianapolis on average daily room rates, revenue per room, demand, occupancy …, and total revenue. We find large and statistically significant effects for multi-day conventions on hotel demand with very …
Persistent link: https://www.econbiz.de/10012611468
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Modelling accumulation: A theoretical and empirical application of the accelerator principle under uncertainty
Arestis, Philip; González, Ana Rosa; Dejuán, Óscar - In: Intervention. European Journal of Economics and … 09 (2012) 2, pp. 255-276
role of conventions in an attempt to account fully for uncertainty. In doing so, we include the relevant variables as …
Persistent link: https://www.econbiz.de/10014363153