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International trade and cultural diversity : a model of preference selection
Bala, Vankatesh; Long, Ngo Van - 2004
We consider the evolution of preferences when trade occurs between two countries. We show that if one country is much … larger than the other, its preferences can eventually take over the preferences of the second country. This result may … provide an explanation of why small countries sometimes exclude certain goods (especially those related to culture) from trade …
Persistent link: https://www.econbiz.de/10011450172
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International trade and cultural diversity : a model of preference selection
Bala, Vankatesh; Long, Ngo Van - 2004
We consider the evolution of preferences when trade occurs between two countries. We show that if one country is much … larger than the other, its preferences can eventually take over the preferences of the second country. This result may … provide an explanation of why small countries sometimes exclude certain goods (especially those related to culture) from trade …
Persistent link: https://www.econbiz.de/10010261231
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Dynamically Stable Preferences
Norman, Thomas - Department of Economics, Oxford University - 2004
This paper models the indirect evolution of the preferences of a population of fully rational agents repeatedly matched … requires the extension of recent techniques for evolution on infinite strategy spaces, introducing new setwise stability …
Persistent link: https://www.econbiz.de/10005047850
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Discrimination and the evolution of cooperation in the snowdrift heterogeneous game with incomplete information
Barreira da Silva Rocha, André; Laruelle, Annick - 2012
Persistent link: https://www.econbiz.de/10009545804
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Conventionalists, pioneers and criminals choosing between a national currency and a global currency
Wang, Guizhou; Hausken, Kjell - In: Journal of banking and financial economics 2 (2021) 16, pp. 104-133
replicator equation is used to illustrate the evolution of the fractions of the three kinds of players through time, and how they …
Persistent link: https://www.econbiz.de/10012887926
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Violations of monotonicity in evolutionary models with sample-based beliefs
Ball, Richard - In: Economics letters 152 (2017), pp. 100-104
Persistent link: https://www.econbiz.de/10011801186
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EVOLUTION OF COOPERATION IN THE SNOWDRIFT GAME WITH HETEROGENEOUS POPULATION
ROCHA, ANDRÉ BARREIRA DA SILVA; LARUELLE, ANNICK - In: Advances in Complex Systems (ACS) 16 (2013) 08, pp. 1350036-1
Different from previous studies of tag-based cooperation, we assume that individuals fail to recognize their own tag. Due to such incomplete information, the action taken against the opponent cannot be based on similarity, although it is still motivated by the tag displayed by the opponent. We...
Persistent link: https://www.econbiz.de/10011010884
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Evolution of Cooperation in the Snowdrift Game with Incomplete Information and Heterogeneous Population
Rocha, André Barreira da Silva; Laruelle, Annick - Department of Economics, Leicester University - 2012
Differently from previous studies of tag-based cooperation, we assume that individuals fail to recognize their own tag. Due to such incomplete information, the action taken against the opponent cannot be based on similarity, although it is still motivated by the tag displayed by the opponent. We...
Persistent link: https://www.econbiz.de/10010583450
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Evolution of Cooperation in the Snowdrift Game with Incomplete Information and Heterogeneous Population
Barreira da Silva Rocha, André; Laruelle, Annick - Departamento de Fundamentos del Análisis Económico I, … - 2012
Differently from previous studies of tag-based cooperation, we assume that individuals fail to recognize their own tag. Due to such incomplete information, the action taken against the opponent cannot be based on similarity, although it is still motivated by the tag displayed by the opponent. We...
Persistent link: https://www.econbiz.de/10011145662
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The adaptation problem, evolution and normative economics
Qizilbash, Mozaffar - 2007
is related to Jon Elster's discussion of 'adaptive preferences' but is distinct in part because Sen cites the need for … the empathetic preferences in terms of which interpersonal comparisons are made in Binmore's account are formed through … social evolution. …
Persistent link: https://www.econbiz.de/10010266706