Narrow search
Showing 1 - 10 of 4,191
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Some evolutionary foundations for price level rigidity
Saint-Paul, Gilles - 2002
This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with alternative rules of thumb. In the model, firms must set their prices in face of aggregate demand shocks. Their payoff depends on the level of aggregate demand, as well as on...
Persistent link: https://www.econbiz.de/10011409938
Cover Image
The endowment effect as blessing
Frenkel, Sivan; Heller, Yuval; Teper, Roee - 2017
We study the idea that seemingly unrelated behavioral biases can coevolve if they jointly compensate for the errors that any one of them would give rise to in isolation. We suggest that the "endowment effect" and the "winner's curse" could have jointly survived natural selection together. We...
Persistent link: https://www.econbiz.de/10011661133
Cover Image
Deep and shallow thinking in the long run
Nax, Heinrich Harald; Newton, Jonathan - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 4, pp. 1501-1527
Humans differ in their strategic reasoning abilities and in beliefs about others' strategic reasoning abilities. Studying such cognitive hierarchies has produced new insights regarding equilibrium analysis in economics. This paper investigates the effect of cognitive hierarchies on long run...
Persistent link: https://www.econbiz.de/10013472490
Cover Image
Genetic learning as an explanation of stylized facts of foreign exchange markets
Lux, Thomas; Schornstein, Sascha - 2002
equilibrium dynamics resulting from this learning process helps to explain the main stylized facts of free-floating exchange rates … the number of agents (not more than about 1000). With a larger population, this collective learning dynamics looses its …
Persistent link: https://www.econbiz.de/10011431839
Cover Image
Learning and behavioral stability : an economic interpretation of genetic algorithms
Riechmann, Thomas - 1998
metaphor for social learning. This paper will face the question what an economist can learn from the mathematical branch of … algorithm learning is a compound of three different learning schemes. First, every particular scheme is analyzed. Then it will … be pointed out that it is the combination of the three schemes that gives genetic algorithm learning its special flair: A …
Persistent link: https://www.econbiz.de/10011526384
Cover Image
Genetic algorithms and economic evolution
Riechmann, Thomas - 1998
This paper tries to connect the theory of genetic algorithm (GA) learning to evolutionary game theory. It is shown that … economic learning via genetic algorithms can be described as a specific form of evolutionary game. It will be pointed out that … GA learning results in a series of near Nash equilibria which during the learning process build up to finally reach a …
Persistent link: https://www.econbiz.de/10011526540
Cover Image
Capability building and learning : an emergent behavior approach
Andreu, Rafael; Riverola, Josep; Rosanas Martí, Josep M.; … - In: International journal of management and economics 44 (2014), pp. 7-40
Persistent link: https://www.econbiz.de/10011417526