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In two-person generosity games the proposer's agreement payoffis exogenously given whereas that of the responder is endogenouslydetermined by the proposer's choice of the pie size. Earlier resultsfor two-person generosity games show that participants seem to caremore for eciency than for equity....
Persistent link: https://www.econbiz.de/10005870886
Agents interacting on a body of water choose between technologiesto catch …sh. One is harmless to the resource, as it allows full recovery;the other yields high immediate catches, but low(er) future catches.Strategic interaction in one ‘objective’resource game may induceseveral ‘subjective’...
Persistent link: https://www.econbiz.de/10009138584
The paper discusses recent trends in the sister sciences of evolutionary economics andcomplexity economics. It suggests that a unifying approach that marries the two strands isneeded when reconstructing economics as a science capable of tackling the two key questions ofthe discipline: complex...
Persistent link: https://www.econbiz.de/10009138592
We introduce a stochastic game in which transition probabilitiesdepend on the history of the play, i.e., the players’past action choices.To solve this new type of game under the limiting average reward crite-rion, we determine the set of jointly-convergent pure-strategy rewardswhich can be...
Persistent link: https://www.econbiz.de/10009138613
Inspired by Peter Godfrey-Smith's book Darwinian Populations and Natural Selection (2009), the paper seeks to develop a view on Darwinizing evolutionary economics that differs from the view espoused in Hodgson and Knudsen project of Generalized Darwinism. It is argued that on Hodgson and...
Persistent link: https://www.econbiz.de/10009138622
This paper analyzes the design, refinement, and evolution of organizationalpolicymaking processes, that is to say, organizational governance. Governance procedureslike other aspects of organization are refined through time to advance formeteurinterests. Several mechanisms of evolution are...
Persistent link: https://www.econbiz.de/10009138629
It has been suggested that, by generalizing Darwinian principles, a common foundation can bederived for all scientific disciplines dealing with evolutionary processes, especially forevolutionary economics. In this paper we show, however, that the principles of such a“Generalized Darwinism”...
Persistent link: https://www.econbiz.de/10009138631
This paper is a follow-up on two earlier debates I was part of. One debate is documentedin a special issue of The Journal of Economic Methodology, edited by Matthias Klaes andcalled Symposium: Ontological Issues in Evolutionary Economics (2004) The other oneis reported in a special issue of The...
Persistent link: https://www.econbiz.de/10005865930
Amartya Sen has advanced a number of distinct arguments against utilitarianism and‘utility’-based views more generally. One of these invokes various ways in whichunderdogs can ‘adapt’ and learn to live with their situations. Sen’s argument is related toJon Elster’s discussion of...
Persistent link: https://www.econbiz.de/10005865934
In the last two decades there has been a noticeable increase in published research inevolutionary economics. The idea that formal modelling is a sine qua non condition forestablishing a rigours and coherence scientific frame, has led to an over concern withformalization issues among evolutionary...
Persistent link: https://www.econbiz.de/10005865969