Evolutionary game theory and the normative theory of institutional design: Binmore and behavioral economics In this article, I critically respond to Herbert Gintis's criticisms of the behavioral-economic foundations of Ken Binmore's game-theoretic theory of justi... Ross,D. - 《Politics Philosophy ...
In particular, we attempt to link the work of Veblen on evolutionary economics with the recently developed approach of biological game theory, or evolutionary game theory (EGT) as it is best known within economics. EGT is a formal, mathematical approach within evolutionary economics, which thus ...
Evolutionary Game Theory in Economics Evolutionary game theory and evolutionary economics seem to inhabit different academic spheres and have little collaboration with one another. Neither side... M Kandori - Invited Symposium of the Seventh World Congress of the Econometric Society 被引量: 3发表: 19...
Evolutionary Game Theory's models are generally non-linear and frequently behave counter-intuitively, for a variety of reasons, thus providing evidence that they are moving in the right direction. First, despite aspersions sometimes cast on population genetics by complexity enthusiasts, the Replicator ...
Evolutionary games have considerable unrealized potential for modeling substantive economic issues. They promise richer predictions than orthodox game models but often require more extensive specifications. This paper exposits the specification of evolutionary game models and classifies the possible asymptotic be...
research in economics. Unlike traditional game theory models, which assume that all players are fully rational and have complete knowledge of details of the game, evolutionary models assume that people choose their strategies through a trial-and-error learning process in which they gradually discove....
Villena and Villena =-=[6]-=- point to a number of aspects in which Veblen’s conception of economics as an evolutionary science and the principal concepts of evolutionary game theory, namely evolutionary stability and replicator ...Villena, Mauricio, and Marcelo Villena, 2004: Evolutionary ...
The principal-agent theory is the application of asymmetric information game theory in economics, it studies the optimal transaction contract under the condition of asymmetric information. Specifically speaking, principal-agent refers to a contractual relationship in which a person or some people (principa...
Evolutionary game theory is well established in both biology and economics. In the biological version of von Neumann's game theory, the concept of fitness is treated as an equivalent of “payoff”. Evolutionary game theory has demonstrated that the basic ideas of game theory can be applied even...
This text introduces current evolutionary game theory--where ideas from evolutionary biology and rationalistic economics meet--emphasizing the links between static and dynamic approaches and noncooperative game theory. The author provides an overview of the developments that have taken place in this branch...