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firms survive and others do not than does neoclassical economics. At the heart of the evolutionary theory isthe view that …
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that is roughly consistent with the benchmark theory. …
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The strategy method is becoming an important tool in experimentalmethodology. This study examines how well this method works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice solving the problem andformulating strategies, they play...
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