Similar Search Results

How do entrepreneurs know what to do? : learning and organizing in new ventures

Aldrich, Howard E.; Yang, Tiantian - In: Journal of evolutionary economics : JEE 24 (2014) 1, pp. 59-82

Persistent link: https://www.econbiz.de/10010235294

Satisficing in time-sensitive bandit learning

Russo, Daniel; Van Roy, Benjamin - In: Mathematics of operations research 47 (2022) 4, pp. 2815-2839

Persistent link: https://www.econbiz.de/10014311390

Evolutionary economics and household behavior

Horioka, Charles Yuji - 2014

neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

Persistent link: https://www.econbiz.de/10011421455

Evolutionary economics and household behavior

Horioka, Charles Yuji - 2014

neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

Persistent link: https://www.econbiz.de/10010398499

Some evolutionary foundations for price level rigidity

Saint-Paul, Gilles - 2002

This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with alternative rules of thumb. In the model, firms must set their prices in face of aggregate demand shocks. Their payoff depends on the level of aggregate demand, as well as on...

Persistent link: https://www.econbiz.de/10011409938

The endowment effect as blessing

Frenkel, Sivan; Heller, Yuval; Teper, Roee - 2017

We study the idea that seemingly unrelated behavioral biases can coevolve if they jointly compensate for the errors that any one of them would give rise to in isolation. We suggest that the "endowment effect" and the "winner's curse" could have jointly survived natural selection together. We...

Persistent link: https://www.econbiz.de/10011661133

Evolutionary dynamics in multitasking environments

Sawa, Ryoji; Zusai, Dai - In: Journal of economic behavior & organization : JEBO 166 (2019), pp. 288-308

Persistent link: https://www.econbiz.de/10012149059

Evolutionary economics and household behavior

Horioka, Charles Yuji - In: Philippine Review of Economics 51 (2014) 2, pp. 67-82

neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

Persistent link: https://www.econbiz.de/10011261245

Deep and shallow thinking in the long run

Nax, Heinrich Harald; Newton, Jonathan - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 4, pp. 1501-1527

Humans differ in their strategic reasoning abilities and in beliefs about others' strategic reasoning abilities. Studying such cognitive hierarchies has produced new insights regarding equilibrium analysis in economics. This paper investigates the effect of cognitive hierarchies on long run...

Persistent link: https://www.econbiz.de/10013472490

Satisfaction and Learning: an experimental game to measure happiness

Novarese, Marco; Rizzello, Salvatore - EconWPA - 2003

, other relevant elements affecting it; (3) experience and learning seem also to play a relevant role in influencing the … evolution of satisfaction. In fact, a training in a situation in which coordination is difficult, improve the mean levels of … literature on individual decision making and on Herbert Simon's satisficing model. …

Persistent link: https://www.econbiz.de/10005561802