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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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Why blu-ray vs. HD-DVD is not VHS vs. Betamax : the co-evolution of standard-setting consortia
Christ, Julian P.; Slowak, André P. - 2009
Extensive research has been conducted on the economics of standards in the last three decades. To date, standard-setting studies emphasize a superior role of demand-side-driven technology diffusion; these contributions assume the evolution of a user-driven momentum and network externalities. We...
Persistent link: https://www.econbiz.de/10010485388
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Why Blu-ray vs. HD-DVD is not VHS vs. Betamax : the co-evolution of standard-setting consortia
Christ, Julian P.; Slowak, André P. - 2009
Extensive research has been conducted on the economics of standards in the last three decades. To date, standard-setting studies emphasize a superior role of demand-side-driven technology diffusion; these contributions assume the evolution of a user-driven momentum and network externalities. We...
Persistent link: https://www.econbiz.de/10003958872
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Eductive Stability May not Imply Evolutionary Stability in the Presence of Information Costs
Naimzada, Ahmad Kabir - 2019
Starting from a Muthian cobweb model, we extend the profit-based evolutionary setting in Hommes and Wagener (2010) populated by pessimistic, optimistic and unbiased fundamentalists, by assuming that agents face heterogeneous information costs, inversely proportional to the entity of their bias....
Persistent link: https://www.econbiz.de/10012871322
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Why Blu-Ray vs. HD-DVD is not VHS vs. Betamax : The Co-Evolution of Standard-Setting Consortia
Christ, Julian Phillip; Slowak, André - 2012
Extensive research has been conducted on the economics of standards in the last three decades. To date, standard-setting studies emphasize a superior role of demand-side-driven technology diffusion; these contributions assume the evolution of a user-driven momentum and network externalities. We...
Persistent link: https://www.econbiz.de/10014194160
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Why Blu-Ray vs. HD-DVD is Not VHS vs. Betamax : The Co-Evolution of Standard-Setting Consortia
Christ, Julian Phillip - 2012
Extensive research has been conducted on the economics of standards in the last three decades. To date, standard-setting studies emphasize a superior role of demand-side-driven technology diffusion; these contributions assume the evolution of a user-driven momentum and network externalities. We...
Persistent link: https://www.econbiz.de/10013116016
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Adaptive Rationality in the Evolutionary and Behavioral Perspectives
Volchik, Vyacheslav - 2014
The concept of adaptive rationality as a characteristic of economic behavior viewed in the framework of evolution of … institutions is proposed in the paper. The analysis of the most important approaches to rationality in the economic theory has … allowed identifying the special nature of adaptive rationality and its manifestations at various levels of the economic …
Persistent link: https://www.econbiz.de/10013059193
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On the Evolutionary Stability of Rational Expectations
Parke, William R - 2017
Evolutionary game theory provides a fresh perspective on the prospects that agents with heterogeneous expectations … conditions where agreement on a unique forecast is stable, but also show that persistent heterogeneous expectations can arise if …
Persistent link: https://www.econbiz.de/10012947307
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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