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DETERMINANTS OF THE DISPOSITION TO IMITATE OR TO INNOVATE

Pérez-Luño, Ana; Cabrera, Ramón Valle; Wiklund, Johan - Departamento de Dirección de Empresas, Universidad … - 2008

The aims of this paper are the following. Firstly, we delimitate the innovation and imitation concepts. Secondly, using …

Persistent link: https://www.econbiz.de/10005634762

Cost calculations, religion and commerce: the Book of Good Government of the Souk of Malaga in the 13th Century

Manjón, Jesús D. López-; Hidalgo, Fernando Gutiérrez; … - Departamento de Dirección de Empresas, Universidad … - 2009

This paper analyzes the cost calculations in the 13th Century Book of Good Government of a Souk (Zoco), written by Al-Saqati and dealing with the Malaga souk. This helps us to appreciate the historical accounting patrimony of al-Andalus and to consider the influence of religious doctrine on cost...

Persistent link: https://www.econbiz.de/10005634764

Learning to Play Approximate Nash Equilibria in Games with Many Players

Cartwright, Edward - Fondazione ENI Enrico Mattei (FEEM) - 2004

equilibrium. Players are assumed to make strategy choices using a combination of imitation and innovation. We begin by looking at … an imitation dynamic and provide conditions under which play evolves to an imitation equilibrium; convergence is … conditional on the network of social interaction. We then illustrate, through example, how imitation and innovation can complement …

Persistent link: https://www.econbiz.de/10005230917

Learning in Cournot Oligopoly - An Experiment

Huck, Steffen; Normann, Hans-Theo; Oechssler, Joerg - EconWPA - 1997

This experiment was designed to test various learning theories in the context of a Cournot oligopoly. We derive theoretical predictions for the learning theories and test these predictions by varying the information given to subjects. The results show that some subjects imitate successful...

Persistent link: https://www.econbiz.de/10005118660

Absolute Expediency and Imitative Behaviour

Siles, Antonio J. Morales - Centro de Estudios Andaluces, Government of Andalusia - 2002

This paper analyses a model of learning by imitation, where besides the decision maker, there is a population of …. We give a simple characterization of the expediency property and show that its basic feature is proportional imitation …

Persistent link: https://www.econbiz.de/10005121288

From imitation to collusion: Long-run learning in a low-information environment

Friedman, Daniel; Huck, Steffen; Oprea, Ryan; … - In: Journal of Economic Theory 155 (2015) C, pp. 185-205

We explore the stability of imitation in a 1200-period experimental Cournot game where subjects do not know the payoff …

Persistent link: https://www.econbiz.de/10011189751

Consumer Choice as Constrained Imitation

Gilboa, Itzhak; Postlewaite, Andrew; Schmeidler, David - Department of Economics, University of Pennsylvania - 2015

A literal interpretation of neo-classical consumer theory suggests that the consumer solves a very complex problem. In the presence of indivisible goods, the consumer problem is NP-Hard, and it appears unlikely that it can be optimally solved by humans. An alternative approach is suggested,...

Persistent link: https://www.econbiz.de/10011196460

Innovation Beyond Patents: Technological Complexity as a Protection against Imitation

Henry, Emeric; Ruiz-Aliseda, Francisco - C.E.P.R. Discussion Papers - 2012

making their products technologically hard to reverse-engineer. We consider the dynamics of imitation and investment in such …

Persistent link: https://www.econbiz.de/10011084053

Learning by Imitation in Games: Theory, Field, and Laboratory

Mohlin, Erik; Ostling, Robert; Wang, Joseph Tao-yi - Department of Economics, Oxford University - 2014

reinforcement learning are unable to explain the data, but that a simple model of similarity-based global cumulative imitation can …

Persistent link: https://www.econbiz.de/10011085123

Ignorance is not always Bliss : Feedback and Dynamics in Public Good Experiments

Suetens, Sigrid; Bigoni, M. - Tilburg University, Center for Economic Research - 2010

In this paper we study the effects of providing additional feedback about individual contributions and earnings on the dynamics of contributions in a repeated public good game. We include treatments where subjects can freely choose whether to obtain additional information about individual...

Persistent link: https://www.econbiz.de/10011090656