Correlated Equilibria and Local Interactions

Correlated Equilibria and Local Interactions PDF Author: George Joseph Mailath
Publisher:
ISBN:
Category :
Languages : en
Pages : 18

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Book Description

Correlated Equilibria and Local Interactions

Correlated Equilibria and Local Interactions PDF Author: George Joseph Mailath
Publisher:
ISBN:
Category :
Languages : en
Pages : 18

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Book Description


Interaction and Market Structure

Interaction and Market Structure PDF Author: Domenico Delli Gatti
Publisher: Springer Science & Business Media
ISBN: 3642570054
Category : Business & Economics
Languages : en
Pages : 302

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Book Description
This book is a collection of essays which examine how the properties of aggregate variables are influenced by the actions and interactions of heterogenous individuals in different economic contexts. The common denominator of the essays is a critique of the representative agent hypothesis. If this hypothesis were correct, the behaviour of the aggregate variable would simply be the reproduction of individual optimising behaviour. In the methodology of the hard sciences, one of the achievements of the quantum revolution has been the rebuttal of the notion that aggregate behaviour can be explained on the basis of the behaviour of a single unit: the elementary particle does not even exist as a single entity but as a network, a system of interacting units. In this book, new tracks in economics which parallel the developments in physics mentioned above are explored. The essays, in fact are contributions to the analysis of the economy as a complex evolving system of interacting agents.

The Evolution of Economic Diversity

The Evolution of Economic Diversity PDF Author: Antonio Nicita
Publisher: Routledge
ISBN: 113635669X
Category : Business & Economics
Languages : en
Pages : 455

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Book Description
The traditional role of evolutionary theory in the social sciences has been to explain the existence of an object in terms of the survival of the fittest. In economics this approach has acted as a justification for hypotheses such as profit maximisation, or the existence of institutions in terms of their overall efficiency. This volume challenges that view and argues that one of the first tasks of economic theory should be to explain the enormous diversity of institutional arrangements that has characterised human societies.

Correlations And Multiparticle Production (Camp) - Proceedings Of The Workshop On Local Equilibrium In Strong Interaction Physics - Lesip Iv

Correlations And Multiparticle Production (Camp) - Proceedings Of The Workshop On Local Equilibrium In Strong Interaction Physics - Lesip Iv PDF Author: M Plumer
Publisher: World Scientific
ISBN: 9814611255
Category :
Languages : en
Pages : 476

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Book Description
The main theme of this workshop, the fourth meeting in the LESIP series, is correlations and Fluctuations in strong interaction processes. While the emphasis was on Bose-Einstein correlations between identical particles, other kinds of correlations (between non-identical particles, multiplicity distributions, transverse energy distributions, inelasticity distributions etc.) were addressed. The recent developments in fractal dynamics, intermittency, deterministic chaos and information entropy and their roles in high energy physics also was addressed. Finally, transverse energy distributions and inelasticity distributions, insofar as they impart information about thermalization of the energy available for hadronization, was discussed. These issues are of relevance for the current searches for Quark-Gluon-Plasma. The goal of the workshop is to provide a forum for the presentation of new experimental results.

Evolution and Endogenous Interactions

Evolution and Endogenous Interactions PDF Author: George Joseph Mailath
Publisher:
ISBN:
Category :
Languages : en
Pages : 40

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Group Formation in Economics

Group Formation in Economics PDF Author: Gabrielle Demange
Publisher: Cambridge University Press
ISBN: 9781139444415
Category : Business & Economics
Languages : en
Pages : 500

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Book Description
Broad and diverse ranges of activities are conducted within and by organized groups of individuals, including political, economic and social activities. These activities have become a subject of intense interest in economics and game theory. Some of the topics investigated in this collection are models of networks of power and privilege, trade networks, co-authorship networks, buyer–seller networks with differentiated products, and networks of medical innovation and the adaptation of new information. Other topics are social norms on punctuality, clubs and the provision of club goods and public goods, research and development and collusive alliances among corporations, and international alliances and trading agreements. While relatively recent, the literature on game theoretic studies of group formation in economics is already vast. This volume provides an introduction to this important literature on game-theoretic treatments of situations with networks, clubs, and coalitions, including some applications.

Out-of-Equilibrium Physics of Correlated Electron Systems

Out-of-Equilibrium Physics of Correlated Electron Systems PDF Author: Roberta Citro
Publisher: Springer
ISBN: 331994956X
Category : Technology & Engineering
Languages : en
Pages : 199

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Book Description
This book is a wide-ranging survey of the physics of out-of-equilibrium systems of correlated electrons, ranging from the theoretical, to the numerical, computational and experimental aspects. It starts from basic approaches to non-equilibrium physics, such as the mean-field approach, then proceeds to more advanced methods, such as dynamical mean-field theory and master equation approaches. Lastly, it offers a comprehensive overview of the latest advances in experimental investigations of complex quantum materials by means of ultrafast spectroscopy.

Non-cooperative Equilibria of Fermi Systems with Long Range Interactions

Non-cooperative Equilibria of Fermi Systems with Long Range Interactions PDF Author: Jean-Bernard Bru
Publisher: American Mathematical Soc.
ISBN: 0821889761
Category : Mathematics
Languages : en
Pages : 173

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Book Description
The authors define a Banach space $\mathcal{M}_{1}$ of models for fermions or quantum spins in the lattice with long range interactions and make explicit the structure of (generalized) equilibrium states for any $\mathfrak{m}\in \mathcal{M}_{1}$. In particular, the authors give a first answer to an old open problem in mathematical physics--first addressed by Ginibre in 1968 within a different context--about the validity of the so-called Bogoliubov approximation on the level of states. Depending on the model $\mathfrak{m}\in \mathcal{M}_{1}$, the authors' method provides a systematic way to study all its correlation functions at equilibrium and can thus be used to analyze the physics of long range interactions. Furthermore, the authors show that the thermodynamics of long range models $\mathfrak{m}\in \mathcal{M}_{1}$ is governed by the non-cooperative equilibria of a zero-sum game, called here thermodynamic game.

Handbook of Social Economics SET: 1A, 1B

Handbook of Social Economics SET: 1A, 1B PDF Author: Jess Benhabib
Publisher: Newnes
ISBN: 0444537139
Category : Business & Economics
Languages : en
Pages : 1509

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Book Description
How can economists define and measure social preferences and interactions? Through the use of new economic data and tools, our contributors survey an array of social interactions and decisions that typify homo economicus. Identifying economic strains in activities such as learning, group formation, discrimination, and the creation of peer dynamics, they demonstrate how they tease out social preferences from the influences of culture, familial beliefs, religion, and other forces. Advances our understanding about quantifying social interactions and the effects of culture Summarizes research on theoretical and applied economic analyses of social preferences Explores the recent willingness among economists to consider new arguments in the utility function

Strongly Interacting Quantum Systems out of Equilibrium

Strongly Interacting Quantum Systems out of Equilibrium PDF Author: Thierry Giamarchi
Publisher: Oxford University Press
ISBN: 0191080543
Category : Science
Languages : en
Pages : 464

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Book Description
Over the last decade new experimental tools and theoretical concepts are providing new insights into collective nonequilibrium behavior of quantum systems. The exquisite control provided by laser trapping and cooling techniques allows us to observe the behavior of condensed bose and degenerate Fermi gases under nonequilibrium drive or after `quenches' in which a Hamiltonian parameter is suddenly or slowly changed. On the solid state front, high intensity short-time pulses and fast (femtosecond) probes allow solids to be put into highly excited states and probed before relaxation and dissipation occur. Experimental developments are matched by progress in theoretical techniques ranging from exact solutions of strongly interacting nonequilibrium models to new approaches to nonequilibrium numerics. The summer school `Strongly interacting quantum systems out of equilibrium' held at the Les Houches School of Physics as its XCIX session was designed to summarize this progress, lay out the open questions and define directions for future work. This books collects the lecture notes of the main courses given in this summer school.