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Women are less financially literate than men. It is unclear whether this gap reflects a lack of knowledge or, rather, a lack of confidence. Our survey experiment shows that women tend to disproportionately respond “do not know” to questions measuring financial knowledge, but when this...
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We propose a theory of the interaction between knowledge and games. Epistemic game theory is of course a well … which other agents have and thereby affecting their actions. We concentrate on games of incomplete or imperfect information …, and study how conservative, moderate, or aggressive players might play such games. We provide models for the behavior of a …
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We incorporate information measures representing knowledge into an evolutionary model of coevolving firms and markets whereby the growing orderliness of firms potentiates a predictable progression of market exchange innovations which themselves become beneficial only with the growing orderliness...
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