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We define social reciprocity as the act of demonstrating one's disapproval, at some personal cost, for the violation of widely-held norms (e.g., don't free ride). Social reciprocity differs from standard notions of reciprocity because social reciprocators intervene whenever a norm is violated...
Persistent link: https://www.econbiz.de/10005823004
This paper examines the evolution of agent strategies in a commons dilemma using a tag interaction model. Using a tag … experiments examine the impact of openness on the evolution of agent strategies. The paper shows the emergence of cooperation …
Persistent link: https://www.econbiz.de/10009002610
This paper considers the impact of heterogeneous gain learning in an asset pricing model. A relatively stylized model … of U.S financial data. The detailed mechanisms of the learning models are then explored. Evidence suggests that agents …
Persistent link: https://www.econbiz.de/10008756091
Acquiring the knowledge they need to organize new businesses is a life-long learning process for nascent entrepreneurs … critical questions and a research agenda for learning and organizing in new ventures. Copyright Springer-Verlag Berlin …
Persistent link: https://www.econbiz.de/10010759862
Heterogeneous agent models for financial markets have provided explanations for many empirical regularities of relatively high frequency (hourly/daily) financial time series. They have been much quieter when it comes to longer range features. This paper examines a simplified computational...
Persistent link: https://www.econbiz.de/10010849934
This paper studies the evolution of peoplesʼ models of how other people think – their theories of mind. This is … results are extended to a model of learning, in which type k plays a k times iterated best response the average of past play …
Persistent link: https://www.econbiz.de/10011049877
This paper tries to account for endogenous change of multi-level routines in terms of nested cycles of discovery, in a hierarchy of scripts.Higher-level scripts constitute the selection environment for lower level ones.On any level, a cycle of discovery proceeds from established dominant...
Persistent link: https://www.econbiz.de/10011091106