Connecting adaptive behaviour and expectations in models of innovation: The Potential Role of Artificial Neural Networks
In this methodological work I explore the possibility of explicitly modelling expec-tations conditioning the R&D decisions of firms. In order to isolate this problem from the controversies of cognitive science, I propose a black box strategy through the concept of internal model . The last part of the article uses artificial neural networks to model the expectations of firms in a model of industry dynamics based on Nelson & Winter (1982).
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- Kwasnicki, Witold, 1998. "Skewed distributions of firm sizes--an evolutionary perspective," Structural Change and Economic Dynamics, Elsevier, vol. 9(1), pages 135-158, March.
- G. Silverberg & B. Verspagen, 1995. "Evolutionary Theorizing on Economic Growth," Working Papers wp95078, International Institute for Applied Systems Analysis.