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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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Quantifying qualitative survey data : new insights on the (ir)rationality of firms' forecasts
Botsis, Alexandros; Görtz, Christoph; Sakellarēs, … - 2020
particular violation of the Full Information Rational Expectations hypothesis that requires explanation. In contrast, minor …
Persistent link: https://www.econbiz.de/10012174792
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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
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Paraconsistent Games and the Limits of Rational Self-Interest
Daynes, Arief - 2015
It is shown that logical contradictions are derivable from natural translations into first order logic of the description and background assumptions of the Soros Game, and of other games and social contexts that exhibit conflict and reflexivity. The logical structure of these contexts is...
Persistent link: https://www.econbiz.de/10013026502
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Belief-Free Rationalizability and Informational Robustness
Bergemann, Dirk; Morris, Stephen - 2016
We propose an incomplete information analogue of rationalizability. An action is said to be belief-free rationalizable if it survives the following iterated deletion process. At each stage, we delete actions for a type of a player that are not a best response to some conjecture that puts weight...
Persistent link: https://www.econbiz.de/10014123747
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Identifying Strategies and Beliefs Without Rationality Assumptions
Golan, Amos - 2010
interpretations of rationality. These alternative interpretations of rationality may prove useful, especially in the context of ex …
Persistent link: https://www.econbiz.de/10013143305
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Interim Rationalizable (and Bayes-Nash) Implementation of Functions : A full Characterization
Jain, Ritesh; Lombardi, Michele - 2022
Interim Rationalizable Monotonicity, due to Oury and Tercieux (2012), fully characterizes the class of social choice functions that are implementable in interim correlated rationalizable (and Bayes-Nash equilibrium) strategies
Persistent link: https://www.econbiz.de/10013288871