What are the welfare effects of enhanced disclosures of public information ? Is it always the case, that frequent and timely publication of economic statistics by government agencies and the central bank are desirable ? This question has become one of several interlinked strands of debate on the...

Traditional game theory studies strategic interactions in which the agents make rational decisions. Evolutionary game theory differs in two key respects: the focus is on large populations of individuals who interact at random rather than on small numbers of players; and individuals are assumed...

In an evolutionary setting, players are allowed to choose not only their strategies for a particular game but also to some extent with whom they will play. This can lead to complex dynamics. Here, simulations are used to obtain some preliminary conclusions. It is shown that the ability to form...