Where do Personal Experience and Imitation Drive Choice?
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References listed on IDEAS
- Glenn Ellison, 2000. "Basins of Attraction, Long-Run Stochastic Stability, and the Speed of Step-by-Step Evolution," Review of Economic Studies, Oxford University Press, vol. 67(1), pages 17-45.
- Young, H Peyton, 1993. "The Evolution of Conventions," Econometrica, Econometric Society, vol. 61(1), pages 57-84, January.
- Fernando Vega-Redondo, 1997. "The Evolution of Walrasian Behavior," Econometrica, Econometric Society, vol. 65(2), pages 375-384, March.
- Schlag, Karl H., 1998.
"Why Imitate, and If So, How?, : A Boundedly Rational Approach to Multi-armed Bandits,"
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Elsevier, vol. 78(1), pages 130-156, January.
- Karl H. Schlag, "undated". "Why Imitate, and if so, How? A Bounded Rational Approach to Multi- Armed Bandits," ELSE working papers 028, ESRC Centre on Economics Learning and Social Evolution.
- Offerman, Theo & Sonnemans, Joep, 1998. "Learning by experience and learning by imitating successful others," Journal of Economic Behavior & Organization, Elsevier, vol. 34(4), pages 559-575, March.
- Leonardo Boncinelli, 2007. "Choice under Markovian Constraints," Department of Economics University of Siena 516, Department of Economics, University of Siena.
More about this item
Keywordsimitation; personal experience; limited cognitive capabilities;
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2007-11-17 (All new papers)
- NEP-CBE-2007-11-17 (Cognitive & Behavioural Economics)
- NEP-DCM-2007-11-17 (Discrete Choice Models)
- NEP-EVO-2007-11-17 (Evolutionary Economics)
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