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Nonlinearity, bounded rationality, and the heterogeneity : some aspects of market economies as complex systems
Onozaki, Tamotsu - 2018
Persistent link: https://www.econbiz.de/10011509712
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Adverse selection, heterogeneous beliefs, and evolutionary learning
Buchen, Clemens; Palermo, Alberto - 2021
version of a cobweb model. In an evolutionary learning set-up, which is imitative, principals can have different beliefs about …
Persistent link: https://www.econbiz.de/10012607986
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Adverse selection, heterogeneous beliefs, and evolutionary learning
Buchen, Clemens; Palermo, Alberto - In: Dynamic games and applications : DGA 12 (2022) 2, pp. 343-362
Persistent link: https://www.econbiz.de/10013198688
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Nonlinearity, Bounded Rationality, and Heterogeneity : Some Aspects of Market Economies as Complex Systems
Onozaki, Tamotsu - 2018
This book pursues a nonlinear approach in considering both chaotic dynamical models and agent-based simulation models of economics, as well as their dynamical behaviors. Three key concepts arising in this context are “nonlinearity,” “bounded rationality” and “heterogeneity,” which...
Persistent link: https://www.econbiz.de/10013341702
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Capability building and learning : an emergent behavior approach
Andreu, Rafael; Riverola, Josep; Rosanas Martí, Josep M.; … - In: International journal of management and economics 44 (2014), pp. 7-40
Persistent link: https://www.econbiz.de/10011417526
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Cognitive ability, character skills, and learning to play equilibrium : a level-k analysis
Gill, David; Prowse, Victoria L. - 2014
understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …
Persistent link: https://www.econbiz.de/10010364492
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Cognitive ability, character skills, and learning to play equilibrium : a level-k analysis
Gill, David; Prowse, Victoria - 2014
Persistent link: https://www.econbiz.de/10010365624
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Endogeneous quantal response equilibrium for normal form games
Gressani, Oswaldo - 2015
Persistent link: https://www.econbiz.de/10011411966
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What does economics assume about people's knowledge? : who knows?
Caleiro, António - 2007 - 1st version: April 15, 2007, this version: October 16, 2007
rationality behaviour by people. Quite recent developments in the Economics of Knowledge, i.e. the so-called learning models, have …
Persistent link: https://www.econbiz.de/10011502970
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Dynamic voluntary contribution to a public good : learning to be a free rider
Clemens, Christiane; Riechmann, Thomas - 2001
learning process of purely and impurely altruistic agents and find that in both cases the contribution level converges towards … corresponds to findings from experiments on voluntary contribution to a public good. Crucial determinants of the learning process …
Persistent link: https://www.econbiz.de/10011525818