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History Matters: Modelling Path Dependence on a Spreadsheet

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  • Chris Hand

    (Kingston University)

Abstract

This 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.

Suggested Citation

  • Chris Hand, 2006. "History Matters: Modelling Path Dependence on a Spreadsheet," Computers in Higher Education Economics Review, Economics Network, University of Bristol, vol. 18(1), pages 19-24.
    • Handle: RePEc:che:chepap:v:18:y:2006:i:1:p:19-24
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    File URL: https://www.economicsnetwork.ac.uk/cheer/ch18/hand.pdf
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    References listed on IDEAS

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    1. repec:bla:kyklos:v:36:y:1983:i:3:p:377-96 is not listed on IDEAS
    2. De Vany, Arthur & Walls, W David, 1996. "Bose-Einstein Dynamics and Adaptive Contracting in the Motion Picture Industry," Economic Journal, Royal Economic Society, vol. 106(439), pages 1493-1514, November.
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    4. Bikhchandani, Sushil & Hirshleifer, David & Welch, Ivo, 1992. "A Theory of Fads, Fashion, Custom, and Cultural Change in Informational Cascades," Journal of Political Economy, University of Chicago Press, vol. 100(5), pages 992-1026, October.
    5. Charles P. Kindleberger, 1983. "Standards as Public, Collective and Private Goods," Kyklos, Wiley Blackwell, vol. 36(3), pages 377-396, August.
    6. Bottazzi, Giulio & Secchi, Angelo, 2003. "Why are distributions of firm growth rates tent-shaped?," Economics Letters, Elsevier, vol. 80(3), pages 415-420, September.
    7. Cowan, Robin, 1990. "Nuclear Power Reactors: A Study in Technological Lock-in," The Journal of Economic History, Cambridge University Press, vol. 50(3), pages 541-567, September.
    8. Peter Hans Matthews, 2001. "Positive Feedback and Path Dependence Using the Law of Large Numbers," The Journal of Economic Education, Taylor & Francis Journals, vol. 32(2), pages 124-136, January.
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    Cited by:

    1. Tanner, Andrew M. & Johnston, Alison L., 2017. "The Impact of Rural Electric Access on Deforestation Rates," World Development, Elsevier, vol. 94(C), pages 174-185.

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