Por favor, use este identificador para citar o enlazar a este item:
http://hdl.handle.net/10261/1843
COMPARTIR / EXPORTAR:
SHARE BASE | |
Visualizar otros formatos: MARC | Dublin Core | RDF | ORE | MODS | METS | DIDL | DATACITE | |
Campo DC | Valor | Lengua/Idioma |
---|---|---|
dc.contributor.author | Casari, Marco | - |
dc.date.accessioned | 2007-11-05T14:39:03Z | - |
dc.date.available | 2007-11-05T14:39:03Z | - |
dc.date.issued | 2003-03-29 | - |
dc.identifier.uri | http://hdl.handle.net/10261/1843 | - |
dc.description.abstract | In this paper we explore the effect of bounded rationality on the convergence of individual behavior toward equilibrium. In the context of a Cournot game with a unique and symmetric Nash equilibrium, firms are modeled as adaptive economic agents through a genetic algorithm. Computational experiments show that (1) there is remarkable heterogeneity across identical but boundedly rational agents; (2) such individual heterogeneity is not simply a consequence of the random elements contained in the genetic algorithm; (3) the more rational agents are in terms of memory abilities and pre-play evaluation of strategies, the less heterogeneous they are in their actions. At the limit case of full rationality, the outcome converges to the standard result of uniform individual behavior. | en_US |
dc.language.iso | eng | en_US |
dc.relation.ispartofseries | UFAE and IAE Working Papers | en_US |
dc.relation.ispartofseries | 583.03 | en_US |
dc.rights | openAccess | en_US |
dc.subject | Bounded rationality | en_US |
dc.subject | Genetic algorithms | en_US |
dc.subject | Individual heterogeneity | en_US |
dc.title | Does bounded rationality lead to individual heterogeneity? The impact of the experimentation process and of memory constraints | en_US |
dc.type | documento de trabajo | en_US |
dc.type.coar | http://purl.org/coar/resource_type/c_8042 | es_ES |
item.openairetype | documento de trabajo | - |
item.grantfulltext | open | - |
item.cerifentitytype | Publications | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.fulltext | With Fulltext | - |
item.languageiso639-1 | en | - |
Aparece en las colecciones: | (IAE) Informes y documentos de trabajo |
Ficheros en este ítem:
Fichero | Descripción | Tamaño | Formato | |
---|---|---|---|---|
58303.pdf | 262,79 kB | Adobe PDF | Visualizar/Abrir |
CORE Recommender
Page view(s)
284
checked on 18-abr-2024
Download(s)
151
checked on 18-abr-2024
Google ScholarTM
Check
NOTA: Los ítems de Digital.CSIC están protegidos por copyright, con todos los derechos reservados, a menos que se indique lo contrario.