History Matters: Modelling Path Dependence on a Spreadsheet
AbstractThis paper explores methods of simulating Polya Urn Models using a spreadsheet. The Polya Urn model provides a statistical model of path dependent behaviour where the final equilibrium is determined by random chance or historical accident.
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Bibliographic InfoArticle provided by Economics Network, University of Bristol in its journal Computers in Higher Education Economics Review.
Volume (Year): 18 (2006)
Issue (Month): 1 ()
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