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We characterize transitions between stochastically stable states and relative ergodic probabilities in the theory of … the evolution of conventions. We give an application to the fall of hegemonies in the evolutionary theory of institutions … and conflict and illustrate the theory with the fall of the Qing Dynasty and rise of Communism in China. …
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Computational Techniques for Modelling Learning in Economics offers a critical overview of the computational techniques that are frequently used for modelling learning in economics. It is a collection of papers, each of which focuses on a different way of modelling learning, including the...
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but additionally provide an estimate of the marginal likelihood. The tempered and time (TNT) algorithm, developed in the … optimization literature, numerous extensions are already available. The algorithm is notably appropriate for estimating Change …
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