Showing 1 - 10 of 57
Persistent link: https://www.econbiz.de/10009792983
In real life strategic interactions decision-makers are likely to entertain doubts about the degree of optimality of … their play. To capture this feature of real choice-making, we present here a model based on the doubts felt by an agent … about how well is playing a game. The doubts are coupled with (and mutually reinforced by) imperfect discrimination capacity …
Persistent link: https://www.econbiz.de/10005111035
Visions and assessments, both optimistic and pessimistic on the evolution of the euro and the euro area continued to be expressed since its genesis. They come from independent persons, valued for quality expertise to date. The durability will be trying to express their considerations.
Persistent link: https://www.econbiz.de/10011074928
This study identifies the factors influencing household choice of coping strategy to an extreme flood event in Marikina City in the national capital region of the Philippines, as well as household recovery after the event, measured in terms of the length of time repair, rebuild, or replace...
Persistent link: https://www.econbiz.de/10011421450
In this paper, we borrow some of the key concepts of nonequilibrium statistical systems, to develop a framework for analyzing a self-organizing-optimizing system of independent interacting agents, with nonlinear dynamics at the macro level that is based on stochastic individual behavior at the...
Persistent link: https://www.econbiz.de/10011995232
This study examines the relationship between complexity behavior and enterprise growth in savings and credit cooperatives (SACCOs) in Uganda. A cross-sectional survey was conducted in the four regions of Uganda, using a mixed method approach. Primary data was collected using a self-administered...
Persistent link: https://www.econbiz.de/10012117380
Production and conflict models have been used over the past 30 years to represent the effects of unproductive resource allocation in economics. Their major applications are in modelling the assignment of property rights, rentseeking and defense economics. This paper describes the process of...
Persistent link: https://www.econbiz.de/10009484019
As a basis for information recovery in open dynamic microeconomic systems, we emphasize the connection between adaptive intelligent behavior, causal entropy maximization and self-organized equilibrium seeking behavior. This entropy-based causal adaptive behavior framework permits the use of...
Persistent link: https://www.econbiz.de/10011755272
Although economic processes and systems are in general simple in nature, the underlying dynamics are complicated and seldom understood. Recognizing this, in this paper we use a nonstationary-conditional Markov process model of observed aggregate data to learn about and recover causal influence...
Persistent link: https://www.econbiz.de/10011755276
Persistent link: https://www.econbiz.de/10011374107