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1. Introduction -- 2. Evolutionary economics -- 3. Environmental policy and transition management from an evolutionary perspective -- 4. Evolutionary policy for energy innovations -- 5. Case studies -- 6. Summary and conclusions.
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Classic behavioral decision research has intensively explored deliberate processes in decision making. Accordingly, individuals are viewed as bounded rational actors who, because of cognitive limitations, use simple heuristics that are successful in certain environments. In this chapter, it is...
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Recent work on complex adaptive systems for modeling financialmarkets is surveyed. Financia1 markets areviewed as evolutionary systems between different, competing tradingstrategies. Agents are boundedly rational inthe sense that they tend to follow strategies that have performedwell, according...
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