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There is increasing evidence that collective behavior, such as social choice, price dynamics, and strategic behavior, is related to nonlinear dynamics and thus has the potential for instability and complex behavior. This paper presents experimental results where subjects are placed in a...
Persistent link: https://www.econbiz.de/10005739897
Within the resource-based view of the firm, a dynamic story has emerged in which the knowledge accumulated over the history of a firm and embedded in organizational routines and structures influences the firmÕs ability to recognize the value of new resources and capabilities. This paper...
Persistent link: https://www.econbiz.de/10005739898
The spatial model of voting is a benchmark in theories purporting to explain political behavior. Yet, evidence against the accuracy of both the assumptions and predictions of the spatial model is accumulating in the scholarly literature. One long-held result of spatial theory is that incumbents...
Persistent link: https://www.econbiz.de/10005739899
The Dvorak keyboard has been claimed to be greatly superior to the standard typwriter keyboard. However, none of the earlier research on the relative merits of the two keyboards provided unconfounded measures, ones permitting attributrion of the results solely to the differences between the...
Persistent link: https://www.econbiz.de/10005739900
The study of learning in games encompasses two research lines: (1) explaining the aggregate stability of classes of games when players use inductive reasoning, and (2) explaining the learning rules used by actual players. We mix approaches by considering both stability and learning rules in...
Persistent link: https://www.econbiz.de/10005739901
A three-class game of redistribution without a pure strategy equilibrium is studied under a model of adaptive politicians. This model allows us to integrate one person - one vote models of redistribution with the models which emphasize political influence so as to study when different social...
Persistent link: https://www.econbiz.de/10005739902
In the present paper I introduce the revelation principle of bounded rationality. The principle states that any behavior that a model of bounded rationality exhibits can be implemented as the choice of an agent with preferences and beliefs consistent with Savage-Bayesian rationality. The...
Persistent link: https://www.econbiz.de/10005739903
Technological change at the firm level has commonly been modeled as random sampling from a fixed distribution o f possibilities. Such models, however, typically ignore empirically important aspects of the firm's search process, notably the observation that the present state of the firm guides...
Persistent link: https://www.econbiz.de/10005739904
The emergence of cooperation in Prisoner's Dilemma (PD) games is generally assumed to require repeated play (and strategies such as Tit-For-Tat, involving memory of previous interactions) or features ("tags") permitting cooperators and defectors to distinguish one another. In the Demographic...
Persistent link: https://www.econbiz.de/10005739905
The RNA folding map, understood as the relationship between sequences and secondary structures or shapes, exhibits robust statistical properties summarized by three notions: (1) the notion of a typical shape (that among all sequences of fixed length certain shapes are realized much more...
Persistent link: https://www.econbiz.de/10005739907