On the Evolution of Pareto Optimal Behavior in Repeated Coordination Problems

On the Evolution of Pareto Optimal Behavior in Repeated Coordination Problems PDF Author: Roger Dean Lagunoff
Publisher:
ISBN:
Category :
Languages : en
Pages : 34

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The Robustness of Equilibria to Incomplete Information

The Robustness of Equilibria to Incomplete Information PDF Author: Atsushi Kajii
Publisher:
ISBN:
Category :
Languages : en
Pages : 60

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An "anti-Folk Theorem" for a Class of Asynchronously Repeated Games

An Author: Roger D. Lagunoff
Publisher:
ISBN:
Category :
Languages : en
Pages : 36

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Incorporating Concern for Relative Wealth Into Economic Models

Incorporating Concern for Relative Wealth Into Economic Models PDF Author: Harold Linh Cole
Publisher:
ISBN:
Category :
Languages : en
Pages : 30

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Correlated Equilibria and Local Interactions

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

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Necessary and Sufficient Conditions for Convergence to Nash Equilibrium

Necessary and Sufficient Conditions for Convergence to Nash Equilibrium PDF Author: Alvaro Sandroni
Publisher:
ISBN:
Category :
Languages : en
Pages : 38

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Microeconomics

Microeconomics PDF Author: Samuel Bowles
Publisher: Princeton University Press
ISBN: 1400829313
Category : Business & Economics
Languages : en
Pages : 608

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In this novel introduction to modern microeconomic theory, Samuel Bowles returns to the classical economists' interest in the wealth and poverty of nations and people, the workings of the institutions of capitalist economies, and the coevolution of individual preferences and the structures of markets, firms, and other institutions. Using recent advances in evolutionary game theory, contract theory, behavioral experiments, and the modeling of dynamic processes, he develops a theory of how economic institutions shape individual behavior, and how institutions evolve due to individual actions, technological change, and chance events. Topics addressed include institutional innovation, social preferences, nonmarket social interactions, social capital, equilibrium unemployment, credit constraints, economic power, generalized increasing returns, disequilibrium outcomes, and path dependency. Each chapter is introduced by empirical puzzles or historical episodes illuminated by the modeling that follows, and the book closes with sets of problems to be solved by readers seeking to improve their mathematical modeling skills. Complementing standard mathematical analysis are agent-based computer simulations of complex evolving systems that are available online so that readers can experiment with the models. Bowles concludes with the time-honored challenge of "getting the rules right," providing an evaluation of markets, states, and communities as contrasting and yet sometimes synergistic structures of governance. Must reading for students and scholars not only in economics but across the behavioral sciences, this engagingly written and compelling exposition of the new microeconomics moves the field beyond the conventional models of prices and markets toward a more accurate and policy-relevant portrayal of human social behavior.

Sufficiently Specialized Economies Have Nonempty Cores

Sufficiently Specialized Economies Have Nonempty Cores PDF Author: Roger D. Lagunoff
Publisher:
ISBN:
Category :
Languages : en
Pages : 26

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The Evolution of Cooperation

The Evolution of Cooperation PDF Author: Robert Axelrod
Publisher: Basic Books
ISBN: 0786734884
Category : Business & Economics
Languages : en
Pages : 258

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A famed political scientist's classic argument for a more cooperative world We assume that, in a world ruled by natural selection, selfishness pays. So why cooperate? In The Evolution of Cooperation, political scientist Robert Axelrod seeks to answer this question. In 1980, he organized the famed Computer Prisoners Dilemma Tournament, which sought to find the optimal strategy for survival in a particular game. Over and over, the simplest strategy, a cooperative program called Tit for Tat, shut out the competition. In other words, cooperation, not unfettered competition, turns out to be our best chance for survival. A vital book for leaders and decision makers, The Evolution of Cooperation reveals how cooperative principles help us think better about everything from military strategy, to political elections, to family dynamics.

Underemployment of Resources and Self-confirming Beliefs

Underemployment of Resources and Self-confirming Beliefs PDF Author: Alessandro Citanna
Publisher:
ISBN:
Category :
Languages : en
Pages : 40

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