Similar Search Results

Darwinism in economics and the evolutionary theory of policy-making

Schubert, Christian - 2009

According to the advocates of a Generalized Darwinism (GD), the three core Darwinian principles of variation, selection and retention (or inheritance) can be used as a general framework for the development of theories explaining evolutionary processes in the socioeconomic domain. Even though...

Persistent link: https://www.econbiz.de/10010267143

Hedonic capital

Graham, Liam; Oswald, Andrew J. - 2006

This paper proposes a new way to think about happiness. It distinguishes between stocks and flows. Central to the analysis is a concept we call 'hedonic capital'. The paper sets out a model of the dynamics of wellbeing in which bad life-shocks are smoothed by the drawing down of hedonic capital....

Persistent link: https://www.econbiz.de/10010267560

Learning to Like What You Have: Explaining the Endowment Effect

Huck, Steffen; Kirchsteiger, Georg; Oechssler, Jörg - 2003

effect by showing that evolution favors individuals whose preferences embody an endowment effect. The reason is that an …

Persistent link: https://www.econbiz.de/10010276089

Distributed innovation processes (DIPs) and the dynamics of knowledge tradability

Gee, Sally - 2010

particular problem. The emergence and evolution of these innovation systems involves the mutual intrapenetration of market and …

Persistent link: https://www.econbiz.de/10010277922

Estimating Phenotypic Correlations: Correcting for Bias Due to Intraindividual Variability

Adolph, Stephen C.; Hardin, J. S. - 2006

1 Correlations between phenotypic traits are important in a number of contexts in physiological ecology, evolutionary physiology, and behaviour. Correlations can reflect functional connections or trade-offs among performance traits (e.g. bite force, jumping distance) and can reveal causal...

Persistent link: https://www.econbiz.de/10009468751

Reading the Recent Monetary History of the United States, 1959-2007

Rubio-Ramirez, Juan F. - 2010

In this paper the authors report the results of the estimation of a rich dynamic stochastic general equilibrium (DSGE) model of the U.S. economy with both stochastic volatility and parameter drifting in the Taylor rule. They use the results of this estimation to examine the recent monetary...

Persistent link: https://www.econbiz.de/10009475410

Case-Based Decision Theory and Financial Markets

Guerdjikova, Ani Vladimirova - 2004

Die Dissertation wendet die fallgestützte Entscheidungstheorie (Case-Based Decision Theory) vorgeschlagen von Gilboa and Schmeidler (1995) auf Entscheidungen in Finanzmärkten an. Betrachtet werden sowohl das individuelle Portfoliowahlproblem eines Investors, wie auch Märkte, in denen...

Persistent link: https://www.econbiz.de/10009476229

Genetic algorithm application in information security systems

Goranin, Nikolaj - 2010

depends on reaction time and understanding of malware evolution trends respectively. Reaction time should be directly … evaluation and malware evolution forecasting model. Genetic algorithm approach was selected taking into consideration its … efficiency while solving tasks with large solution space and ability to model the evolution process which is the case for malware …

Persistent link: https://www.econbiz.de/10009479326

The viral trajectory of a management idea: A longitudinal case study of the Balanced Scorecard in a Norwegian bank

Johanson, Daniel; Lepp, Sandra; Abbas, Adnan; Madsen, … - In: Cogent Business & Management 10 (2023) 2, pp. 1-28

In this paper the virus theory is applied to gain insight into the intra-organizational diffusion and evolution of the … mechanisms that can describe a multitude of organizational processes in the evolution of a management idea. Specifically, it is …-suited for analysing the intra-organizational diffusion and evolution of management ideas. In this way, virus theory can fill in …

Persistent link: https://www.econbiz.de/10014527642

Which misspecifications persist?

Fudenberg, Drew; Lanzani, Giacomo - In: Theoretical Economics 18 (2023) 3, pp. 1271-1315

We use an evolutionary model to determine which misperceptions can persist. Every period, a new generation of agents use their subjective models and the data generated by the previous generation to update their beliefs, and models that induce better actions become more prevalent. An equilibrium...

Persistent link: https://www.econbiz.de/10014536880