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Homo Oeconomicus Adaptivus: Die Logik des Handelns bei veränderlichen Präferenzen
von Weizsäcker, Carl Christian - 2011
Der Homo Oeconomicus ist in Verruf geraten. Es gibt viele Stimmen in der öffentlichen Diskussion, die der ökonomischen Wissenschaft vorwerfen, angesichts der weltwirtschaftlichen Krise versagt zu haben. Und dieses Versagen wird darauf zurückgeführt, dass die ökonomische Wissenschaft mit...
Persistent link: https://www.econbiz.de/10010286727
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From posteriors to priors via cycles: An addendum
Hellwig, Martin - 2011
Rodrigues-Neto (2009) has shown that a given specification of posteriors of different players in an incomplete-information setting is compatible with a common prior if and only if the posteriors satisfy the so-called cycle equations. This note shows that, if, for any player, any element of the...
Persistent link: https://www.econbiz.de/10010286729
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Too much information sharing? Welfare effects of sharing acquired cost information in oligopoly
Ganuza, Juan José; Jansen, Jos - 2010
By using general information structures and precision criteria based on the dispersion of conditional expectations, we study how oligopolists' information acquisition decisions may change the effects of information sharing on the consumer surplus. Sharing information about individual cost...
Persistent link: https://www.econbiz.de/10010286731
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Herr Schumpeter and the classics
Steedman, Ian; Metcalfe, Stan - 2011
Schumpeterian, evolutionary theory of innovation and competition, and the classical, Sraffian theory of prices and distribution. Can …
Persistent link: https://www.econbiz.de/10010286734
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Economic behavior: Evolutionary vs. behavioral perspectives
Witt, Ulrich - 2010
An evolutionary perspective on economic behavior has to account for the influences that the human genetic endowment has on the choices the agents make. Likely to have been fixed in times of fierce selection pressure, this endowment is presumably adapted to the living conditions of early humans....
Persistent link: https://www.econbiz.de/10010286736
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Evolution and complexity in economics revisited
Dopfer, Kurt - 2011
The paper discusses recent trends in the sister sciences of evolutionary economics and complexity economics. It suggests that a unifying approach that marries the two strands is needed when reconstructing economics as a science capable of tackling the two key questions of the discipline: complex...
Persistent link: https://www.econbiz.de/10010286737
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Darwinian paradigm, cultural evolution and human purposes: On F.A. Hayek's evolutionary view of the market
Vanberg, Viktor J. - 2011
The claim that the Darwinian paradigm of blind-variation-and-selective-retention can be generalized from the biological to the socio-cultural realm has often been questioned because of the critical role played by human purposeful design in the process of cultural evolution. In light of the issue...
Persistent link: https://www.econbiz.de/10010286738
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Social dilemmas, time preferences and technology adoption in a commons problem
Joosten, Reinoud - 2011
Agents interacting on a body of water choose between technologies to catch fish. One is harmless to the resource, as it allows full recovery; the other yields high immediate catches, but low(er) future catches. Strategic interaction in one objective resource game may induce subjective games in...
Persistent link: https://www.econbiz.de/10010286741
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Towards an incentive salience model of intertemporal choice
Lades, Leonhard K. - 2011
This theoretical paper presents an incentive salience model of intertemporal choice. The model is a variation of the quasi-hyperbolic discounting model. Based on the distinction between wanting and liking, the paper presents one possible explanation of impulsive choices of smaller sooner rewards...
Persistent link: https://www.econbiz.de/10010286743
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The firm as a Darwin machine: How Generalized Darwinism can further the development of an evolutionary theory of economic growth
Stoelhorst, J. W. - 2010
of evolutionary theory to the development of concrete middle-range theories of specific economic phenomena. The purpose … can further the development of an evolutionary theory of economic growth. I will demonstrate the value of generalized … integrate the strengths of these three theories. The result of this exercise is a theory of the firm as a Darwin machine that …
Persistent link: https://www.econbiz.de/10010286744