Ormerod, Paul - In: Economics: The Open-Access, Open-Assessment E-Journal 9 (2015) 2015-41, pp. 1-20
situations. He discusses models drawn from the modern literature on cultural evolution in which imitation of others is the basic … strategy, and suggests a heuristic way of classifying situations in which the different models are relevant. The key point is … that in situations where radical uncertainty is present, we require theoretical "null" models of agent behaviour which are …