Eductive stability may not imply evolutionary stability in the presence of information costs

DOI10.1016/j.econlet.2019.06.019zbMath1429.91164OpenAlexW2954477613WikidataQ127592850 ScholiaQ127592850MaRDI QIDQ2292720

Marina Pireddu, Ahmad K. Naimzada

Publication date: 5 February 2020

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: http://repec.dems.unimib.it/repec/pdf/mibwpaper406.pdf

zbMATH Keywords

evolutionary learningheterogeneous agentseductive stabilityinformation costsdouble stability thresholdMuthian cobweb model

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economics of information (91B44)

Related Items (5)

Perception of Fundamental Values and Financial Market Dynamics: Mathematical Insights from a 2D Piecewise Linear Map ⋮ Adaptively Adjusted Beliefs About Prices in an Evolutive Muthian Cobweb Model ⋮ Bifurcation analysis and complex dynamics of a Kopel triopoly model ⋮ Eductive Stability, Heterogeneous Information Costs and Period-Two Cycle Multiplicity ⋮ Eductive stability may not imply evolutionary stability in the presence of information costs

Cites Work

• A dynamic analysis of moving average rules
• Eductive stability may not imply evolutionary stability in the presence of information costs
• A Rational Route to Randomness
• Anchoring Economic Predictions in Common Knowledge

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