biological selection process in the sense that a population following any other preference for decision-making under risk will …

and Europe, evolutionary economics explains the role that diversity, selection andlearning plays in economic development …

This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mechanism, by … in a way that favors the most profitable firm types. Selection may be inadequate because firms are being selected on the … basis of incorrect market signals. Selection itself may reinforce such mispricing, thus generating instability. I compare …

learning depends on aesthetic judgement, the evolutionary selection for learning implies an evolutionary molding of an …