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Imitation : theory and experimental evidence
Alpesteguia, Jose; Huck, Steffen; Oechssler, Joerg - 2003
We introduce a generalized theoretical approach to study imitation models and subject themodels to rigorous … experimental testing. In our theoretical analysis we find that the differentpredictions of previous imitation models are due to … the generalized imitation model predicts the differences betweentreatments well. The data also provide support for …
Persistent link: https://www.econbiz.de/10011509505
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Evolutionary stability in asymmetric oligopoly : a non-Walrasian result
Leininger, Wolfgang; Moghadam, Hamed M. - 2014
It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly …. Contrary to Tanaka (1999) we show that the evolutionarily stable price in an asymmetric Cournot oligopoly needs not equal the … stochastically stable state of an evolutionary process of imitation with experimentation. …
Persistent link: https://www.econbiz.de/10010399434
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A Note on Evolutionary Stability of Bertrand Equilibrium
Hehenkamp, Burkhard; Leininger, Wolfgang - 1999
the Cournot model) …
Persistent link: https://www.econbiz.de/10014184323
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Pairwise imitation and evolution of the social contract
Campigotto, Nicola - In: Journal of evolutionary economics 31 (2021) 4, pp. 1333-1354
Persistent link: https://www.econbiz.de/10012663744
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Economic Natural Selection in Bertrand and Cournot Settings
Hehenkamp, Burkhard; Qin, Cheng-Zhong; Stuart, Charles - 1999
quantities, monotonic dynamics always converge under a specific condition to a quantity equal or similar to classical Cournot …
Persistent link: https://www.econbiz.de/10014193117
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The Evolutionary Stability of Optimism, Pessimism, and Complete Ignorance
Schipper, Burkhard C. - 2020
We seek an evolutionary explanation for why in some situations humans maintain either optimistic or pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of their environment. Players in strategic games face Knightian uncertainty about opponents' actions and maximize...
Persistent link: https://www.econbiz.de/10014032634
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Evolutionary Stability in Asymmetric Oligopoly
Leininger, Wolfgang - 2015
It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly …. Contrary to Tanaka (1999) we show that the evolutionarily stable price in an asymmetric Cournot oligopoly needs not equal the … stochastically stable state of an evolutionary process of imitation with experimentation …
Persistent link: https://www.econbiz.de/10013028699
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The evolution of social norms
Young, H. Peyton - 2014
Persistent link: https://www.econbiz.de/10010442507
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Chapter 8. Social Norms
Burke, Mary A.; Young, H. Peyton - In: Handbook of social economics : volume 1, (pp. 311-338). 2011
Social norms are customary or ideal forms of behavior to which individuals in a group try to conform. From an analytical standpoint, the key feature of social norms is that they induce a positive feedback loop between individual and group behavior: the more widely that a norm is practiced by...
Persistent link: https://www.econbiz.de/10014025695
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Evolutionary imitative dynamics with population-varying aspiration levels
Sawa, Ryoji; Zusai, Dai - In: Journal of economic theory 154 (2014), pp. 562-577
Persistent link: https://www.econbiz.de/10010481308